Going through a divorce when you own a business adds another level of difficulty to an already challenging situation. You have to think about the property division process as it relates to your personal affairs, but you also have to consider the business that you worked so hard to build.
What happens to retirement benefits during divorce?
Dividing your property may be one of the most difficult parts of your divorce. Deciding what you are going to keep and what your spouse is going to keep can be emotional, but it can also affect your long-term goals, like retirement.
Mistakes made during high-asset divorces
Mistakes made when dividing property during a divorce can lead to a needless waste of money. Especially when dividing a substantial amount of assets, the process can be complex. It’s necessary to consider the division of 401(k)s and other retirement accounts, global assets, businesses, and real estate holdings.
