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What will happen to my business after divorce? (PART 1)

Divorce has many moving pieces and those pieces have a way of disrupting just about every part of your life. The divorce process will likely bring change to your current financial situation, as well as your familial and emotional situation. The fear of these transitions can often keep someone from filing for divorce for years, if not decades.

A person may come in several times for a consultation with a lawyer before they feel confident enough to take the leap. At the , P.A., we have more than three decades of experience and work hard to provide our clients with a sense of support and calmness throughout the divorce process. Many people might tell you "everything will be okay," even though it doesn't feel like it at the present moment. Our law firm works hard to provide all the help and resources needed so our clients really feel like things will be okay.

One of your main concerns coming into the divorce may be your business or practice. Whether you are an entrepreneur, a lawyer or an architect, it may be important for you to understand how divorce can impact your financial future.

We're not going to lie - it can definitely be complex. What the court rules to be an equitable distribution of assets will depend on your individual circumstances. In order to determine the worth of your business, we may involve experts such as valuation specialists in order to understand the true nature of assets involved in your case. In our next post, we will go into detail about possible options that could come into play when it comes to dividing a business during divorce.

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