How is the marital property interest in a business or professional practice divided in a Louisville divorce? How do you establish the existence of and ultimately the valuation of any marital interest in a business or professional practice in a Louisville divorce case? Generally speaking, in these cases there are three important steps in the process. First, the Court and …
High Asset Divorces Require Strategic Planning and Tax Expertise
High asset divorces require strategic planning and tax expertise to ensure the best possible outcome under Kentucky Family Law and in Louisville Family Court. Financially substantive individuals who are considering a divorce in Louisville should work with well established, experienced and proven family law attorneys who can provide sound counsel and guidance. The experienced divorce attorneys at Dodd & Dodd help …
How to Determine the Value of Business Goodwill in a Louisville Divorce
What is “goodwill” and how does one determine the value of business goodwill in a Louisville divorce? Does goodwill only apply to an individual or does it apply to a company as well? A divorce which involves a closely-held business or professional practice is not only legally and financially complex, it will often be quite contentious. If you or your …
The Division of a Business in a Louisville Divorce
What should one expect regarding the division of a business in a Louisville divorce? What are the primary concerns if you own a company or a professional practice? What are some important issues for the spouse of a business owner? The division of a business in a Louisville divorce is often one of the most contentious parts of the process …
Why is the Valuation of a Business Important in a Contested Louisville Divorce
Why is the valuation of a business important in a contested Louisville divorce? The issue of business valuation is legally and financially quite complex. Each party in a divorce often has opposing interests when it comes to the division of a business or professional practice. In essence, if the company is in whole or in part considered to be marital …
Pre-Planning a Louisville Divorce Will Help a Business Owner
If you own your own company or have a professional practice and are experiencing challenges in a marriage, pre-planning a Louisville divorce will help a business owner to preserve the most options for protecting their interests and maintaining control of the their business interests through and after a divorce. Why is it important to seek the advice and counsel of …
Contentious Divorce with a Business or Professional Practice in Louisville
Are you approaching a contentious divorce with a business or professional practice in Louisville? What do you need to know in order to protect your interests as a business owner? There are generally only a few steps in the process of managing the asset of a business in a Louisville divorce. However, the process itself and the legal skill of …
Proven Attorney for a Business Owner in a Louisville Divorce
Are you searching for a proven attorney for a business owner in a Louisville divorce? The divorce and family law attorneys at Dodd & Dodd have decades of experience in divorce cases involving a business interest or professional practice. What does a business owner need to know concerning divorce? The first question will be one of “ownership.” Is the business …
Protect and Keep Your Business in a Louisville Divorce
What are the best strategies to protect and keep your business in a Louisville divorce case? Those with successful business interests or a professional practice often ask our experienced divorce and family law attorneys how to preserve that interest through a divorce. While there are several strategies to consider, there is also a word of warning: do not attempt to …
If You Own a Business You Should Prepare for a Valuation During a Louisville Divorce
If you own a business you should prepare for a valuation during a Louisville divorce. The process of establishing the value of the marital interest in any business or professional practice is known as “valuation.” Each party has competing interests in the process of valuation. A business owner who wants retain their company wants the marital interest valuation to be …