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Businesses on divorce

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What sort of issues may affect a family business on divorce?

Businesses form part of the assets to be shared on divorce and are a central part of financial proceedings and discussions on divorce.

When there is a divorce, the family courts – rather than the commercial courts – deal with the issues of the business issues, whether it is a trading firm, a company or a partnership.

The courts routinely ask that businesses and business interests be valued as part of the financial disclosure exercise.

Valuing business interests is extremely difficult. There is a danger that an unrealistic amount of emphasis will be put on the value of the business when dividing up the family assets. This can lead to real problems in practice.

MaximizeWhat should I do first?

MaximizeHow do courts usually approach a family business?

MaximizeHow do I deal with the business in my divorce settlement?

MaximizeDo all businesses have to be valued?

MaximizeWill the business have to be sold?

MaximizeDoes it matter who owns the business?

MaximizeWhat should I consider next?