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...
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...
Property Division Challenges in a Louisville Divorce
There are often many property division challenges in a Louisville divorce. This is especially true when the former spouses have substantial assets or one of them owns their own business. What are some of the most complex issues to resolve during the property division process? Retirement Assets One of the most common financial issues in...
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...