While figures vary, most studies state that between 70 and 90% of all businesses in the U.S. are family-owned. There are many advantages to this. Family members can trust one another and typically share goals and visions for the company. Nonetheless, divorce can make...
One of the main concerns that most spouses have during divorce is how to divide the assets and debts acquired during the marriage. If you do not have a valid and enforceable legal agreement on dividing marital property, like a prenup, state laws will come into play if...
Property division disputes are inevitable in divorce cases. In some high-net-worth divorces, the couple may try to resolve their issues amongst themselves. Unfortunately, if there is any hostility between them, this can be difficult at best. In such situations, the...
Divorce can get to be fairly complicated for those who are business owners. It could be a couple who got married and then decided to open their own business five years later, for instance. It is clearly a marital asset, they both own it, and they have to decide what...
Understandably, many divorcing spouses have concerns about how their marital property will be divided. After all, the assets you walk away with can make a big difference in how you live after your divorce. You will likely hear many second-hand stories about property...
When you no longer live paycheck-to-paycheck and instead want to develop your financial independence, investing some of your income is a key step. Diversifying how you hold your resources means that a slump in one area of the economy, like employment or stock values,...
When you’re in the process of divorcing, it feels like there are a million things that all require your attention. It’s an emotionally and financially challenging time for everyone involved. An important consideration is how you protect your assets. When you and your...
You and your spouse have been married for several years, but it’s just not working out. The divorce process has started, and it’s time to address property distribution. Throughout these negotiations, the court will employ an equitable distribution process. This means...
The ordeal of putting your home up for sale can strain even the happiest marriages. If you and your soon-to-be-ex are selling your home as you divorce, the tensions that are probably already running high between you can stall the process, hurt the home’s marketability...
The “To-Do” lists seem endless when facing a divorce. Juggling everything from pets to property sometimes leaves family heirlooms overlooked. Many heirlooms have little worth aside from sentimental value. However, when emotions run high, precious family heirlooms can...