Unfortunately there are spouses married to business owners who have no idea the value of the community business. What is done to determine the value ? is a common questioned asked. The answer – hire a forensic Expert.
A forensic expert has the credentials in accounting and business to go through the books and records and make a determination on the value of the business. In some instances, the husband hires a separate expert than the wife. In other instances, one expert is chosen between the attorneys in hopes that a fair valuation is determined by the expert.
Often times separate experts are hired if the divorce is heated and the parties are contesting most aspects of the divorce. The benefit is that each party has their own witness if the matter goes to trial.
When facing a divorce with a business division, contact the strategic law firm of Richard K. Isles. Providing strategic representation and Peace of Mind Since 1989.