Businesses have value and are considered assets for division pursuant to the equitable distribution law. Typically, in a divorce, an accountant (or more than one, if each spouse hires his/her own) values the business. The accountant, among other things, reviews the tax returns, books and records of the business for several years, obtains information from [...]
Categories: Business Valuation
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Every divorce case is a financial planning negotiation and requires the development of detailed budget, asset and liability information. Assets and liabilities are relatively easy to pin down with documents and appraisals. Accurate budget information is another thing altogether. Clients are usually told to sit down with their checks and credit cards and average the [...]
Categories: Business Valuation, Collaborative Divorce, Divorce, Divorce Lawyers, Do-It-Yourself Divorce, Financial, How to Divorce, Mediation, Settlement, Tips
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If you are getting a divorce and your spouse has a closely held business that receives a significant amount of revenues in cash, you should be concerned about cash taken out of the business that is not reported. What can be done to account for this missing income, especially if your spouse is less than [...]
Categories: Business Valuation, Divorce, Financial, Settlement
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