Family Law

New Division One Decision Regarding the Marital Community's Interest in a Lawyer's Professional Goodwill.

Division One is out with an important family law decision, Walsh v. Walsh, which will be of particular interest to lawyers and other professionals in Arizona. The court of appeals held that the family court erred by employing a "realizable benefits" standard in determining the value of husband's professional goodwill as a practicing lawyer. The family court had rejected wife's argument for a "capitalization of earnings" approach as requiring the court to engage in "mere speculation."

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