Process of Business Valuation in a Louisville Divorce

What is the Process of Business Valuation in a Louisville Divorce

What is the process of business valuation in a Louisville Divorce? Why is the valuation of a business or professional practice often such a contentious issue? We’ll begin with the second question first.  All “marital” assets of the couple must be divided during a divorce.  If the business or professional practice is in whole or in part marital property, the …

Home Assets and Debts Divided in a Louisville Divorce

How Are Your Home Assets and Debts Divided in a Louisville Divorce?

How are your home assets and debts divided in a Louisville divorce?  The legal term for these issues is “marital property.”  Marital debts, assets and property are to be divided equally between the parties.  While this may sound easy and straight forward, the reality is completely different in many Louisville divorce cases. Community property encompasses any asset or obligation which …

Careful Planning is an Important Step in Divorce

Careful Planning is an Important Step in Divorce

Careful planning is an important step in a divorce in Louisville.  This planning should occur before a spouse informs their partner they intend to end the marriage, and takes consistent action after that date to bring the marriage to conclusion. Why is careful planning so important when considering or preparing for a divorce in Louisville?  Several important issues arise during …

Assets of a Business or Professional Practice Must be Considered

All Assets of a Business or Professional Practice Must be Considered During a Divorce Valuation

All assets of a business or professional practice must be considered during a divorce valuation in Louisville.  This is especially true when establishing the value of a small business. According to a recent analysis by the US Treasury Department, the vast majority of American businesses are small companies, often without any employees or owners other than the spouses themselves. There …