I hesitate to use absolutes, because, in law, there are very few. We rarely say “never” or “always”; we often say “it depends”. But I’m pretty sure I can absolutely say that, if you or your husband own a business, your divorce is going to be more expensive than a divorce where we have two...
Business Valuation and Divorce
Coming from a family that owns a local business and now working for another small family-owned business, it’s pretty safe to say that businesses are something that I think about a lot. You might even be surprised at how often it comes up, but there are lots and lots of different types of businesses that...
A lot of divorcing couples own a business–something that tends to complicate equitable distribution. Equitable distribution is a fancy word we use to describe how property is divided in Virginia. Equitable distribution, unlike community property, doesn’t necessarily assume that property will be divided 50/50, but that negative and positive monetary and non monetary contributions can...