Divorce Can Be Complicated by a Family Business
Under California law, property, assets and debts are split 50-50 in divorce. The difficulty in applying this law lies in identifying community property and separate property. And, when a family-owned business is involved, the characterization and valuation of the business can cause many complications as property is divided. At The Mack Law Offices, we recognize the complexities involved in property division when a family business must be considered. We strive for fair, reasonable and timely settlements in these matters.
Are you going through a divorce where a family-owned business is involved in the property division? Seek experienced legal help and schedule your appointment with attorney Barry Mack. Call us today at 760-585-3096. Mr. Mack has practiced family law for more than 35 years, both in private practice and as a Superior Court commissioner. He will personally handle your divorce.
Put Experience on Your Side
Attorney Barry Mack has more than 35 years of experience. He has overseen the valuation of virtually every type of marital asset, property and debt. He focuses on reaching negotiated divorce settlements. Litigation is a last resort. Mr. Mack is also available as a neutral, in private dispute resolution. As a business owner, your time and money are valuable. Our firm provides the skilled legal services you need to obtain a fair resolution of property division, in a manner that is mindful of your time and money.
Reaching an Accurate Business Valuation
The value of the business is the foundation upon which most property division decisions involving the business will be made. Therefore, it is highly beneficial to obtain the most accurate business valuation. When the value is identified, the parties can move forward with important business and personal decisions.
For example, one or both parties may wish to continue running the business. Or, one party may be more involved in the business and the other wishes to sever all ties with the business. Mr. Mack has access to expert business valuation professionals. These individuals provide our firm with honest and accurate appraisals. You can feel confident in the information we obtain, knowing we use this to secure fair results for you.
A Note About Prenuptial Agreements
A premarital agreement can be a viable tool for addressing the issue of dividing a family-owned business. As a business owner, you can protect your business and its assets in this agreement.
For assistance obtaining fair determinations of property division involving your family business, call our firm today at 760-585-3096 and arrange your confidential consultation with Mr. Mack. You may also contact us online and someone will be in touch with you promptly.
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