Divorce is a challenging journey for many people; however, small business owners have to think about more than just the way that the split is going to impact their personal life. There is a chance that it will also affect their company. If the business is considered marital property, you will likely need to go through the valuation process to determine what needs to happen during the divorce.
Who gets the house in the divorce?
Most divorcees just want their fair share in a divorce. In Kentucky, divorce courts use an equitable distribution model to divide a couple’s marital property. That means that a court can split property 50-50, 70-30, or any other proportion deemed fair.
High-conflict divorce can lead to detailed divorce orders
Having to deal with all the contention of a high-conflict divorce can have a negative impact on your mental health. Not only do you have to become familiar with the laws that apply to your case, you also need to look at how your emotions might affect the decisions that you make. This volatile situation can also harm your children.
