POSTS TAGGED : divorce

How to Protect Your Money in a Divorce? 

Our discussion today will include the division of property after a divorce, how property is divided in a divorce, and how the partition of a house is handled in a divorce, among other things. Because separating a couple’s assets is never a pleasant experience, understanding the ins and outs of the law can help to make the process a bit less stressful while also contributing to a more amicable outcome.

Plenty of money

Bringing a couple’s financial resources together is one of the most difficult obstacles they will encounter when they first begin living together. There are a variety of reasons for this, and it is not uncommon for one spouse to have a significantly different financial perspective than the other, which may make things more difficult (especially if one saves and the other spends money).…

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Divorce in Military Families – What You Need To Know & How It’s Different

Any way you look at it, divorce can be difficult. It’s essential to deal with both emotional and legal issues at the same time. Military personnel may face a difficult and expensive divorce process. By knowing what to look out for, you can alleviate some of the stress, time, and cost.

Military divorce process

Start by contacting your local Legal Assistance Office. Whether you’re a US citizen or a citizen of another country, you’ll be able to receive free legal assistance.

What can your local Legal Aid Office do for you?

However, depending on where you file and what laws and regulations apply in your state, some federal statutes and military regulations might also apply.…

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How to Value a Small Business for Divorce

One of the most challenging aspects of divorce is the division of assets. Depending on the marriage and the assets accumulated during this time, dividing these fairly between spouses may need to involve professionals, especially when it comes to valuing and dividing a business. With the different approaches to valuation and the aspects of a business that they focus on, the outcome of the valuation may differ substantially from method to method.

Divorcing small business owners

In this article, we will outline and explain these different approaches in valuing a business for the purposes of a divorce.

Separate or Marital Interest

The first step in valuing a business for the purpose of divorce is to determine how the value or interest in the business should be split.…

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3 Tips For Protecting Your Small Business When Going Through a Divorce

While running a business in and of itself can be challenging, this task can become even more difficult if you have personal issues that are bleeding over into your professional life. Although you might try your best to keep things separated, big personal issues are bound to creep into your business life on occasion.

Divorcing small business owners

One of those occasions where there’s likely to be some overlap is a divorce. But not only could this make this messy with your business, but it could also cause irreparable damage if you’re not careful.

So to help ensure that this doesn’t happen to you, here are three tips for protecting your small business when going through a divorce.…

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How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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4 Ways to Protect Your Business From a Divorce

‘Happily ever after’ is what married couple want to achieve. Unfortunately, it’s often inevitable due to one reason or another. Depending on your personal circumstances, there are things needed to settle when divorce is inevitable. One of such things is your business.

Divorced

Your business is an asset, and no matter how hard you work on your business, putting in long hours doesn’t protect your business from a divorce. You can take steps to protect your business, and it’s not too late to start taking those steps now if your marriage is, alas, faltering.

If you’re about to begin divorce, you can implement the following strategies to help safeguard your business:

1.

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