Valuation of a Professional Practice
The Valuation of a Professional Practice Can Be Complex, Expensive, Yet Critical to A Divorce
The valuation of the professional practice – such as that of a lawyer, physician, or professional engineer – is one of the most time consuming and potentially expensive tasks in a divorce case.
This spouse who is in a professional practice will often complain about double dipping in the sense that the same earnings which are used to calculate spousal and child support are used to find a value for the practice. The professional may also argue that the methodology used to pro five a value is flawed because a willing buyer for a practice might not even exist.