As companies change, so do their types of compensation plans. Understanding the way a spouse is compensated in a divorce is important for spousal maintenance, child support, and also for determining if there are additional assets to be divided in the case. While it is true that many employees are compensated with regular W-2 salary
Month: September 2018
Community Interest in a Sole and Separate Businesses
Many clients believe that once an asset is determined to be one spouse’s separate property they are no longer entitled to any compensation related to the asset. This is not always true. Although the business may have existed before the marriage, been a gift or inheritance during the marriage, or was purchased with traceable separate
Ongoing Ventures After Divorce
Some spouses still want to be business partners even after they divorce. There can be many reasons for this – both understand the nature of the business and wish to continue to participate, the asset is otherwise hard to value, and/or the spouses believe continuing the venture together will be more lucrative than a fire-sale
Complex Financial Issues in Divorce
Many people approach our firm seeking advice in a divorce believing that their case is simple and will settle easily. Occasionally this may be true, but more often than not divorce is more complicated than a client originally thinks. While it is true that divorces are complicated by legal decision-making and parenting time issues, many
