By Randy S. Margulis | Published June 30, 2023 | Posted in Divorce | Tagged Tags: asset model, business ownership interest, business valuation, income model, market model | Comments Off on How Business Ownership May Be Divided in a Divorce
If you or your spouse own an interest in a business, you can be certain that it will feature prominently in your divorce. New York is an equitable distribution state, which means all property acquired by either spouse during the marriage is subject to division. However, a stake in a business presents special challenges, especially Read More
Read MoreA military pension requires special handling in a divorce. It is different from a normal pension or retirement account, which is a pool of money that the account holder can draw from. A military pension is more accurately called “retired pay,” which is the term used by the Department of Defense. Each year, a retired Read More
Read MoreAn uncontested divorce is always the preferable method of dissolving a marriage, since it is faster, cheaper and generally stress-free. But divorcing spouses might start out in accord only to disagree later on important issues. When that happens, the divorce is converted into a contested one. Most New York divorces are based on no-fault grounds, Read More
Read MoreSpousal maintenance is paid by one spouse to help the other keep up their standard of living after a divorce. It is usually paid in a fixed, recurring amount that continues for a set period of time. A change in the economic circumstances of either ex-spouse may warrant a modification of the payment amount. However, Read More
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