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Running and Valuing the Family Business in a Divorce

Divorcing spouses have special duties of loyalty to each other, which also applies to any assets in which they have a common interest.  Observing these duties are particularly critical if you own a business, but especially a small business. The CARES Act loan adds a new layer of complexity to divorce cases. Here’s what you should discuss … Read more

Splitting the Family Business

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 … Read more