divorce – Don Weissman Law

A Reliable Lawyer can take Care of the Legal Legwork

Even if you are frustrated with your relationship and wish to leave your partner, divorce is never an easy process to deal with. By hiring experienced family lawyers, you can make informed decisions without feeling flustered and resentful. The decision to end a relationship sets off a long and often tedious process and even in the absence of upheavals, it’s still a difficult process at best. The adverse effects not only impact the spouses or partners but also children, parents, grandchildren and extended family. Many family members sometimes must experience a reduced standard of living due to diminished economic resources.

If you are thinking of filing for divorce, you may wish to consider consulting with a lawyer before you make the final decision. This way, you will have a better idea of the legal and financial consequences and options available to you. If you make the decision to proceed with the divorce, there are several steps that you will need to execute. In addition, you will have to provide information about minor children, prior financial agreements, date of separation and so on. You need to know where to go, which documents to file, what information to provide and so on. Seeking expert legal advice can be invaluable because your lawyer will ensure that your best interests are protected at all times. He or she will be happy to take care of all the run around and legwork that will ensue, thus leaving you free to attend to other important matters.

Continue reading ➞ Is Divorce leaving you feeling Overwhelmed?

Starting your own business can be one of the most exciting and rewarding experiences of your life. The company often represents your blood and sweat from years of hard work. After spending so much time focused on succeeding, worrying about every dime and customer, it can be frightening to think how a divorce might interrupt or even jeopardize all your efforts. In addition to the tips included in this article, seeking the advice of experienced family lawyers is always a good idea.

Here are a few key tips to remember if you own a business and are considering divorce.

The Business Is A Marital Asset: You might be familiar with a concept called “community property” which means that all property acquired during a marriage belongs to the marital community, ie; you AND your spouse. You may say, “but what if my spouse did nothing to contribute to the business” or “he/she was never involved and doesn’t even know how the business operates”. All that may be true, but in the end, if the business was created, or even just grown, during the marriage it belongs wholly or partially to the other spouse.

What does that mean? Will a judge order the business liquidated just to split the value between the parties? Not necessarily. The court is interested in an equitable division of the assets, and that leaves plenty of wiggle room for what a judge may order. For example, continuing to run the business may be the only way to properly divide its worth between the parties. A payout over time to one spouse is a commonly used device. Or, re-financing may be the best course of action, where a spouse uses a bank loan to “buy-out” a spouse and therefore retain control and ownership over the business.

The key point here is that there are many viable options to choose from when it comes to dividing a business in a divorce, most importantly is choosing a family lawyer that will be able to help you navigate these issues.

Continue reading ➞ Divorcing When You Own A Business