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When a professional practice is involved in a divorce, its valuation is a critical and complex step. Understanding how experts assess factors beyond tangible assets is essential for a fair division of property.

• Valuing a professional practice is more complex than valuing simple assets like a house or car. • A financial expert is essential to determine the practice's true present-day value. • The valuation must include income, expenses, client base, future earnings, and intangible goodwill. • A practice is a marital asset that must be divided, regardless of which spouse actively runs it. • A history of paying a high salary is strong evidence of a practice's significant value.

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For additional information, watch these videos: What Assets Can Be Divided in a Divorce - https://www.youtube.com/watch?v=1qr-On9L0cY Understanding the Divorce Settlement - https://www.youtube.com/watch?v=rsGfJahC_BA

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