First, they should identify the documentation that would need to be produced by them as part of the divorce process. One of the most important points when you are meeting with the owner of the business in the divorce litigation is to dispel any myths with regard to what they do or do not have […]
Asset and Property Issues
Remarriage in New Mexico: Should I use a prenup or a will to protect my assets?
Find out whether or not you should use a prenup or a will when handling remarriage and assets in New Mexico, with family lawyer Mary Ann Burmester.
Is the non-military spouse entitled to keep the house because the military spouse is deployed?
What will the court consider before awarding the family home to the non-military spouse while the military spouse is deployed?
Does business knowledge help family lawyers help business owners who are going through divorce?
It has helped tremendously. By hiring a lawyer who has a fair amount of business experience to represent you in your divorce – both advising businesses, I sit on the board of directors of some businesses and represent some corporations in non-divorce context, and having a keen understanding of how the business climate works – […]
How are professional practices valued?
Family lawyer Ann A. Thomson answers: Are professional practices like a law practice valued or divided differently than a restaurant for example?
Can an adjustment be made to the value of a business after a divorce has been finalized?
It depends on how the deal was negotiated. We frequently will include provisions in the payout provision to take those kinds of circumstances into account. Small fluctuations generally are not the subject of modifications, but a large fluctuation – for example, a new competition comes to town in this family business and suddenly revenues go […]
How do you ensure your portion of a business during divorce?
When it comes to receiving your fair portion of a business during divorce, it’s recommended to hire a forensic accountant to do a business valuation.
Is experience what helps you determine which is the best way to value a person’s business?
It is. Principally, that’s going to come from the business valuation expert. They will open up the toolkit and they have a number of different approaches that can be used. They’ll consider all of those approaches depending on the type of business and ultimately select the one that that gives them the most comfort level […]
What advice is there for people seeking an equitable division in divorce?
Family lawyer Ann A. Thomson gives advice for couple’s seeking an equitable division in divorce, discussing discovery and forensic accountants.
Is it possible to finalize a divorce without having a property agreement?
Ever wonder if it is it possible to finalize a divorce without having a property agreement? Read on to learn what you can do if you’re in this position.
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