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Marital Ownership of Business Goodwill
The Court of Appeal has held for the first time that a spouse’s professional “book of business” is a community asset subject to division in a divorce case. Marriage of Finby (Dec. 18, 2013) No. G046814. In Finby, the parties were married between 1995 and 2010. The wife was a financial advisor who had worked for UBS until 2009, when she was hired by Wells Fargo as a managing director of investments.
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