How is a business interest divided in a Louisville divorce? The first question is simply “Is the business interest or any portion of it marital property?” Is the business shared by both spouses, or is it owned by one of the parties? What contributions have been made to the business by each spouse? How much of the marital assets have …
The Division of the Marital Property Interest in a Business During a Louisville Divorce
What are the steps taken to accomplish the division of the marital property interest in a business during a Louisville divorce? If you are a business owner or own and run a business with your spouse the process of determining the status of a business or professional practice and dividing any marital property interest in that business will be a …
Taking Care of a Business in a Louisville Divorce
Are you concerned about taking care of a business in a Louisville divorce? If your divorce involves the ownership of a small family business, an LLC, professional practice or an interest in corporate ownership the process of valuation and property division in your case will be much more legally and financially complex. Business owners understand the nature of risk and …
Will There Be a Trial At Your Divorce in Louisville
Will there be a trial at your divorce in Louisville? The answer to that question is not a simple “yes” or “no.” It comes down to the unique circumstances of your situation. While the majority of divorce cases in Louisville do not involve a trial there are situations which require placing an issue before the Court. A divorce cannot be …
The Challenge of the Valuation of a business interest during a Louisville divorce
The challenge of the valuation of a business interest during a Louisville divorce is quite contentious in most cases. How do you establish the “marital interest” portion of the valuation of a Louisville business during a divorce? There are many ways to position the present value of a business, and as a result, a spouse’s marital interest in the business. …
Getting to the Actual Valuation of Assets in a Louisville Divorce
One of the most challenging aspects of any divorce, but especially a divorce involving substantial assets and income, is the division of assets and debts. The core challenge of property division is getting to the actual valuation of assets in a Louisville divorce so that they may be fairly and equitably divided between the parties. It is important to understand …
Valuation of Your Business During a Louisville Divorce
The valuation of your business during a Louisville divorce can be a challenge. How do you establish the marital property portion of the valuation of a company or professional practice during a contested divorce? There are many ways to position the present value of a business, and as a result, a spouse’s marital interest in the business. The owner of …
Could My Spouse Get Part of My Professional Practice in Our Louisville Divorce?
Could my spouse get part of my professional practice in our Louisville divorce? In many ways a professional practice is similar to a small business, but professional private practices also have some unique characteristics that can make the divorce process especially complicated. Professionals often worry that a divorce may cause the liquidation of their practice. This negative outcome can be …
The Valuation of Business Ownership or a Professional Practice in a Louisville Divorce
The valuation of business ownership or a professional practice in a Louisville divorce is a critical process requiring extensive legal skill and experience. After decades of practice in litigation and Kentucky family law, and involvement in divorces with issues of business ownership, physician practices, attorney practices, and substantial assets we can tell you that accurate valuation is the key to …
How will a Divorce Affect a Louisville Family Business?
How will a divorce affect a Louisville family business? Are you and your spouse considering the end of your marriage? Do you own a business together? Do both parties work for the business? What if the company is owned by the family of one of the spouses? Is the family business, in whole or in part, a marital asset? How …