North Carolina Supreme Court to Weigh in on Defining Goodwill as Marital Asset in Divorce Case

The ex-wife of a North Carolina intellectual property attorney has petitioned the state’s Supreme Court to uphold an earlier ruling that awards her half of the law firm’s value as part of their divorce settlement. Her argument hinges on the assertion that the firm’s goodwill should be considered marital property and, therefore, subject to equitable distribution. This case presents significant implications for how goodwill is treated in the context of divorce proceedings involving professional practices. For further details, you can read the Law360 article here.