Actress Angelina Jolie and her ex-husband, actor Brad Pitt, have been in the news recently due to their ongoing child custody battle. Jolie was accused of preventing Pitt from communicating with their six children by cell phone. Summer custody of the children was also an issue.
Dividing A Business In A Divorce
For many divorcing couples, the most substantial asset to be divided is a business owned by one or both of the spouses. The value of this asset, not to mention the emotional component involved in family-owned businesses and businesses that individuals built from the ground up, means that this is often a source of contention. Knowing the rules of property division as they apply to businesses can be beneficial.
Valuing A Business In A Divorce
Before a business can be divided in a divorce, it must be valued. This can be a particularly complex process, which can become even more challenging depending on the type and size of the business involved. It is critical to understand the varieties of business valuation methodology and how they work prior to moving forward.
Are You Satisfied With The Status Of Your Divorce?
One of the most important aspects of your case is the relationship with your attorney. Your attorney has many responsibilities to you, and if he or she is not satisfying these obligations, you should seek a second opinion from another attorney.
