In order to assess the value of a marital business or professional practice for proper consideration by a trial court in a trial, a business valuation is almost always called necessary; there are very advanced tools to assist in determining the value of a business that is utilized by business valuators. Knowing the best litigant is one who is informed, this blog covers three central parts of a business valuation; these individual components may have value outside the business itself, for either party:
Market Value. The market ... Read More
07
Apr2017
09
Feb2017
In many cases, a martial business ranging from a minority stock ownership in a business, such as a car dealership, to a physician practice, may be a large source of marital income. However, when a divorce is filed, there are three major problems a spouse may face with such in maintaining what he or she believes is a just and equal division and maintaining a lifestyle as if the divorce had not occurred. This blog addresses three key ... Read More
23
Feb2016
In Indiana, all marital assets, except as otherwise excluded by law, are part of the marital estate a trial court can divide upon divorce. There is a presumption of an equal division (assets – liabilities). However, with certain professionals, this division is complex because of the complexity of what they do. This blog explores these concerns and some resolutions.
Perhaps, and first, with professionals who own a business or are involved in a practice (medical, dental, law). The value of business in terms of what ... Read More
30
Sep2015
Small business is the engine that drives America. Often times divorce attorneys face a scenario where parties are divorcing and the means of income that has provided for the family is the small business. An example would be a doctor, lawyer, or landscaper. The obvious assumption most of us would make is that this would continue to be the source to maintain the parties (and their children) after the divorce.
However, sometimes this is not the case. There are three key points to consider if you have a ... Read More
30
May2013
Many previous blogs have examined the child custody and support aspects of family law and divorce, as these issues are often paramount in domestic proceedings. However, property division and valuing property for division are also contentious and important issues in most divorce proceedings.
Indiana statutes provide for equal division of assets and liabilities in a divorce.1 This presumption of equal division can be deviated from if a party presents relevant evidence that an equal division would not be just and reasonable.2 Some types ... Read More