If you and your spouse own a small business, your divorce is more complicated than most. For many spouses who have put significant work into building their family business over the years, buying out their spouse lets them split from their partner while still retaining their business. But while this sounds easy, you'll need to answer some important questions first. Here are a few to consider. 1. How Will You Value the Business?
Hello. My name is Stephanie Laurel. I have recently been through a divorce, and although I don’t wish it on anyone, I do wish that everyone could come out of the proceedings feeling they have been taken care of. My husband and I had been married twenty-eight years. We have four children, two of which are still under eighteen years of age. We owned the home we lived in and had a vacation home in a different state. We are civilized people, we get along fairly well considering, but no matter how much we thought we could go through the divorce process without lawyers, it wasn't possible. We each hired a divorce attorney to represent us. Most of the negotiations went well, but when we hit a rough spot the attorneys took over. Thank goodness. I’m going to share more about the experience and hope it helps you.