Protecting Individuals, Families And Children Every Step Of The Way

For More Than 20 Years
  1. Home
  2.  » 
  3. Divorce
  4.  » Divorce considerations for business owners and their spouses

Divorce considerations for business owners and their spouses

All but a handful of states divide marital property at divorce based on the principle of equitable distribution. Note: you don’t have to ask a court to intervene, but if you and your spouse are unable to agree on property division in Massachusetts, then the court will endeavor to equitably divide marital assets and debts. Keep in mind, though, that “equitable” is not necessarily the same thing as “equal.”

Equitable distribution can be particularly complicated when a business is involved. Business assets and debts may be included in the marital estate and thus subject to division between the spouses. In some cases, though, it is possible to prove that the business is not subject to division because the business qualifies as separate property.

If you or your spouse owns a business, then it is crucial that you obtain an accurate business valuation for the purposes of your divorce. A comprehensive valuation will take into account the value of business assets, including brand, reputation and the company’s appreciation in value over time, as well as the company’s ability to provide future income.

Additionally, what are the tax implications of letting go of or keeping business assets?

If one spouse had very little to do with the business, then it may be possible to categorize it as separate property. In that case, equitable distribution may involve dividing only the company’s appreciation in value, or the value of the business may be left entirely out of the equation.

If you would like to learn more about divorce for high net worth spouses in Massachusetts, then please see the Law Offices of Lisa A. Ruggieri’s business valuation overview.

Archives

5 Star Reviews

A Superb Lawyer!

Lisa guided me through the divorce process and helped me obtain my desired outcome. Throughout the entire process, she helped make the process as painless as possible. Lisa is truly a super lawyer who will be an asset to anyone that utilizes her knowledge, experience, dedication and abilities!

– Eric E.

Successfully Settled My Case With Just One Court Appearance

My ex husband is an attorney and I knew I needed a top notch attorney on my side in order to secure a favorable outcome. In less than a month, from start to finish, Attorney Ruggieri successfully settled my case with just one court appearance.

– Carol K.

All Of The Online Reviews Of Attorney Lisa Ruggieri Are True!

All of the online reviews of Attorney Lisa Ruggieri are true! If you need top-notch legal advice to land you on your feet post-divorce, I would highly recommend the Law Offices of Lisa Ruggieri. Lisa is very knowledgeable and draws a strong line around defending and protecting her clients.

– Eugenia Z.

She Was Aggressive And Never Backed Down

I found Lisa through reviews and was not disappointed. Lisa and her staff were great! They were very supportive and explained everything. She was aggressive and never backed down, even when I wanted to settle. She always looked out for my best interest, even when I didn’t want to. I can’t recall a single debate she lost during the entire case. If I were ever in a similar situation again (which will not be anytime in the foreseeable future!), I would call Lisa.

– Erik T.