Business Valuation In Divorce: What Is Considered Marital Property?
If you need an Omaha divorce business valuation attorney, contact Higgins Law at 402-933-7600 to schedule a consultation.
A divorce may be complicated by many factors pertaining to a husband’s and wife’s business holdings. These could include the disposition of real property, the existence of high-value assets or the valuation of the “family” businesses.
Take the following examples: Your husband is employed as a carpenter, CPA or house painter; are his after-hours side jobs building decks or doing the neighbor’s tax returns or painting houses a business? Your wife is a stay-at-home mom, designer or music professor; are her other jobs as day care provider, faux painter and private music instructor businesses? Or, if your spouse owns his or her own company, will the court make more of this than the income claimed on a tax return — a tax return you may have signed?
The answer to all of these questions is “maybe.” In some instances, such undertakings are deemed to be valid separate business entities that the court will value as such. If developed during the marriage, the value of such businesses is usually judged to be marital property. There are, however, exceptions that only an experienced divorce attorney can identify. And what of businesses that are not in dispute; how much is the business worth? How do you protect (or obtain) your value from that business after the divorce? At Higgins Law, our attorneys have the experience and knowledge to help you make these determinations and then make a case for the fair division of any business asset to which you have a right.
Work With An Experienced Nebraska Business Division Attorney
An accurate business property division is essential to the fair allocation of your property in a divorce. It is wise to seek the counsel of an experienced lawyer. At Higgins Law, we have more than 25 years of experience guiding Nebraska clients through even the most complex property settlements and family law matters.
Clients trust us for our thorough preparation, our attention to detail and our dedication to prompt communication through all phases of a case. As a recognized legal resource, our founding attorney, Matt Higgins, enjoys the distinction of being AV Preeminent peer-review rated* through Martindale-Hubbell for over 15 years.
To schedule a consultation with an experienced Omaha divorce business valuation attorney, call 402-933-7600 or complete our online contact form.
*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Ratings™ fall into two categories — legal ability and general ethical standards.