Professional Good Will

Good Will

Professional Good Will

Mueller v. Mueller is a divorce that was decided in 1956 and concerns the good will of a business.

Before the parties were married, the husband purchased a dental laboratory business. The value of the business increased substantially during the marriage.

The trial court awarded the business to the husband and required him to pay the wife half of the value of the business including half of the good will value. The husband appealed the trial court’s decision stating that dentistry is a professional practice that depends on the personal skill and ability of an individual and cannot be the subject of good will.

The appellate court agreed with the trial court and stated that although it was previously held that good will cannot exist in a professional business, the better doctrine is that good will does exist in professional practices.

If you need legal advice and are looking for a family law lawyer in Orange County to address a dissolution issue such as valuation of a business or any other divorce matter such as legal separation, annulment, custody, child support, spousal support and/or property division, please consider Treviño Law in your divorce attorney search. We are located in Laguna Hills right off Lake Forest exit to both the 405 and 5 freeway.

Although the posting of this information can be considered free legal advice for a divorce in Orange County, it does not address other factors which may play a significant role in a particular dissolution. Circumstances in your divorce may alter the results in your dissolution.

Please note that this legal advice does not establish a family law attorney-client relationship. This is a legal advertisement for Treviño Law, Inc.

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