What is a business or professional practice worth in a Louisville divorce? How is the value of a business or professional practice established as an asset within the context of a Louisville divorce? Establishing the valuation of a business interest in a divorce is often one of the most contentious issues in these cases. The marital interest in the business …
Business Valuation of Goodwill and a Book of Business
How will the Family Court look at the business valuation of Goodwill and a Book of Business in a Louisville divorce? What is Goodwill and what is considered to be a Book of Business? Should the value of Goodwill and/or Book of Business be considered as part of business valuation in a Louisville divorce? The business valuation of goodwill and …
Strategies to Allow You to Keep Your Business During a Louisville Divorce
Do you own your own business or have an interest in company or professional practice? Are you considering a divorce and searching for strategies to allow you to keep your business during a Louisville divorce? You’ve invested years of hard work, money and effort to build your business. What are some actions you can take to protect your interests? If …
Dividing the Growth in a Business During a Louisville Divorce
How is a business handled in a Louisville divorce? One of the first questions is when was the business interest acquired? If the business was acquired or started during the course of the marriage it will be considered as a marital asset which is to be divided equally between the parties. If the business was acquired prior to the marriage …
Will My Spouse Get Half of My Business if We Divorce in Louisville?
Will my spouse get half of my business if we divorce in Louisville? If either or both of the former spouses own an interest in a business or professional practice or they share in the ownership of a family business it will be a substantial issue in your divorce. Here in Kentucky, marital property is to be divided equally between …
Business Profitability Valuation During a Louisville Divorce
What is the reason for business profitability valuation during a Louisville divorce? How will a valuation work to establish the true value of a business interest or professional practice in a divorce? The primary purpose for business profitability valuation during a Louisville divorce is to establish the genuine amount of money a business interest generates each year as part of …
Conducting a Business Valuation in a Louisville Divorce
The process of conducting a business valuation in a Louisville divorce is quite legally and financially complex. There are many different methods to value the marital interest in a small business, corporate entity or professional partnership. The two former spouses have directly competing interests in the outcome of the valuation. Ultimately, the valuation of any marital interest in a business …
What Are the Challenging Issues of a Gray Divorce in Louisville
What are the challenging issues of a gray divorce in Louisville? Recent studies have shown the divorce rate of those above the age of 50, also known as “Gray Divorce” is the highest of any group. The studies have shown gray divorce can help those who have suffered in a stagnant or toxic relationship for years to move forward with …
A Louisville Divorce Involving a Doctor
Are you a physician or the former spouse in a Louisville divorce involving a doctor? It may surprise you to learn doctors have one of the lowest divorce rates as a professional here in the US. However, doctors get divorced. The life of a doctor is demanding. Physicians save lives, help people to manage significant health challenges while maintaining busy …
Protect Your Business During a Louisville Divorce
What are the best strategies to protect your business during a Louisville divorce? Will your company be a part of the marital property settlement or will it be classified as “separate” property? These are crucial questions for any business or professional practice owner who is considering a divorce. Generally speaking, if you owned your business or professional practice prior to …