Professional practice valuation determines the value of a spouse's ownership interest in a law firm, medical practice, dental practice, accounting firm, or other professional service business for purposes of divorce.

The community interest in a professional practice depends on when the practice was established, how it was funded, what growth occurred during the marriage, and how much of the value is enterprise goodwill versus personal goodwill.

Buying out a spouse from a professional practice requires structuring that accounts for the cash flow realities of the practice, the tax implications of the transfer, and the professional's ability to fund the buyout without destroying the business.