What is Business Goodwill in a Virginia Divorce?

What is Business Goodwill in a Virginia Divorce?

When valuing a small or family-owned business in a Virginia divorce, parties need to be aware of the concept of “goodwill.” Goodwill is divided into two main types: personal goodwill and professional goodwill. Though sometimes hard to tease apart, once a judge determines how much of each type of goodwill is contributing to the value of a divorcing-spouse’s business, that ruling can be monumental to the financial well-being of the husband and wife.

Divorce Mediation as Affordable Alternative to Divorce Lawyer Settlements

GRAINE MEDIATION – DIVORCE SETTLEMENT MEDIATOR – AFFORDABLE NORTHERN VA DIVORCE LAWYER ALTERNATIVE. Simply put, mediation is much less expensive than litigation. There is only one mediator fee as opposed to two attorney fees. The hourly fees, too, are often less than attorneys fees. Mediators focus on helping you SETTLE — not on expensive divorce strategies and court appearances.