The owner handled my case personally and was exceptionally well versed in the unique aspects of a divorce involving the military and associated benefits. There may be other ways to compensate your ex for what his or her portion of the business is worth without the money coming directly from the business.
The income approach seeks to identify the future economic benefits to be generated by an entity and to compare them with a required rate of return. Scottsdale mansion with land. Courts rarely divide a business. For example, a house purchased by one party before the marriage. It represents income, assets, and stability.
From there, we look into what the community time and money invested into business may be and figure out if the community has any interest in the business. The owner spouse can probably sell it while the divorce is pending, but he will most likely have to compensate his wife for her share of its value. When Is It Time For Divorce?
The fair market value approach also precludes consideration of any special selling financial arrangements used to secure the sale of the business. Lee is an exceptional attorney. What do Marriage Counselors do? She is professional, intelligent, hard worker and cheerful! Some links may be from our sponsors.