In marriage and common-law relationships, the value of your business may be appraised and divided on separation, where the parties cannot agree on terms of division. In exceptional circumstances, the court will appoint a business administrator to handle the business, or shares will be given to the spouse who does not have legal title to the business and who is owed a payment. This can have a significant impact on your business’ reputation as you will not be in complete control of your business.
To avoid assigning control of your business... MORE »
A family law lawyer can help you save your family business by giving it priority during interest-based collaborative negotiations.
In many family law matters involving children, the spouses are able to agree to cooperate in order to address the best interests of the children. In many ways, a family business can be used as a similar incentive: spouses can agree to cooperate in order to address the best interests of the family business.
While fueling conflict is an almost unavoidable side effect of the court system, a collaborative approach is a very... MORE »