The most significant asset in a marital estate is often the family business.
Splitting up a marital estate can be a long and complicated process, particularly if one of the assets includes a privately owned business.
Some common issues include:
- How much is the business actually worth?
- Do you need to be concerned about the issue of “double dipping” when considering the valuation of a business and the money spouses owe in support obligations?
- Is the spouse that owns and operates the business deceptive when it comes to reporting his income?
Read more here.