Goodwill depends on the method of departure.
By Marc Rosenberg
Retirements & Buyouts
In the literal sense, retirement is only one of six ways that partners may separate from their firm.
MORE ON RETIREMENT: How to Juggle Tax Considerations for Partner Retirement Benefits | How to Transition Clients from Retiring Partners | You Want Goodwill Payments? Give Proper Retirement Notice | Retirement Vesting: The Devil’s In the Details | Compromise Is In Order for Some Goodwill Payouts | Three Ways to Calculate Goodwill Payable in Partner Buyouts, None of Them Great | 5 Points to Consider When Paying Out Goodwill | How to Set Terms and Limits for Goodwill Payouts | 4 Ways to Decide How to Pay Out Capital | Partners May Balk at Guaranteeing Retirement Obligations
Benefits to partners are handled differently depending on which of the six ways they leave:
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