In a divorce, each spouse is entitled to 50 percent of the community assets if the couple resides in a community property state. Dividing impersonal as-sets with a deﬁned value is simple. But a family business is rarely impersonal. It’s not just a job—for most, it’s their life and livelihood.
The value deﬁes the certainty of a “ones and zeros” calculation. The only real certainty is that an appraisal will be costly and disruptive, with an outcome dependent on the appraiser being a “seer” who can divine the future. Read more
This article is inspired and sourced from Kathleen McCarthy’s December 2015 Brief Encounters article, as published in Tucson’s Desert Leaf magazine.