If you own a family business, it may be a source of pride and might be the primary source of income for your household. While this is a good thing for your family, the business may become a source of trouble if you and your ex decide to divorce. In some family...
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Business Owner Divorce
Self-employment and child support payments
Being self-employed offers flexibility, but it also means managing responsibilities. For example, some self-employed workers struggle with child support payments. It is important for people with these obligations to understand what self-employment means for child...
Valuing business interests in a complex divorce
If you are a Colorado business owner and divorce is looming, you may worry about losing your company in the settlement. However, that stereotype often doesn't fit the reality of today's divorce proceedings. Many factors affect how the court views the distribution of...
Common issues that crop up in high-asset divorces
When it comes to divorce, the more assets in play, the higher the stakes. In an ideal world, couples going through the divorce process work together to finalize their separations in a timely manner. In reality, high-asset divorces often take longer to resolve because...
What happens to our business in the divorce?
Business owners pour thousands of dollars in savings and work tirelessly to ensure that their business is a success. In some cases, married couples own the business together, but sometimes, only one spouse runs the show. In any case, when it comes for a divorce, it...
Using an appraiser in a Colorado divorce
Most people in the Denver area think of appraisers as individuals who determine the value of a tract of land in connection with a sale of that land. In reality, appraisers can estimate the value of a wide variety of assets, and these skills can be very useful in a...
Can ex-spouses remain business partners?
Couples who build a business together invest a significant amount of time and money in their business. The relationship and partnership in your business can also lead you to invest a lot of emotions in the company as well. This can make it incredibly complex to divide...
Could a forensic accountant be an asset to your divorce team?
If your divorce is going to involve splitting considerable assets and debts -- particularly if it involves a complex financial portfolio, you may benefit from having a forensic accountant on your team to work with your attorney and financial advisor.There are many...
How can a receiver help preserve your assets during divorce?
You are planning to divorce your spouse. The two of you own a business together. However, your marital problems have caused the business to suffer badly. Maybe your spouse has gradually pushed you out and taken greater control -- only to completely mismanage it. You...
Certain assets require skilled handling in a divorce
A previous post on this blog talked about how it can be difficult for Colorado residents going through a divorce or legal separation to put an accurate value on their investment real estate.As this prior post discussed, a number of factors come in to play when valuing...