Dividing the marital business.

Often married couples have an interest in business assets which must be addressed. Whether it is a mom and pop corner store, a dental practice, a restaurant or a trucking company, each party is entitled to 50% of the marital portion of said asset. What can be done to establish value? An experienced divorce attorney will have the business evaluated or appraised (either jointly or separately) and determine how to provide the spouse not staying with the business her or his share of the asset. Skillful negotiation, "horse-trading" and other strategies are useful in ensuring that the spouse keeping the business can afford to operate the business and pay his or her spouse their respective share.

For more information, all 440.930.4001 and ask for Attorney Anthony R. Pecora or email him at apecora@omdplaw.com


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