When going through a divorce, one of the most difficult aspects is dividing property and assets accumulated by the parties. Restoring non-marital property and equitably dividing marital property is always a challenge, and can be especially so if one or both parties owns a business, multiple pieces of real estate, or other valuable assets.
It is important that businesses, real estate, and other potentially valuable assets are evaluated so that both parties move forward from divorce with all assets or equitable value to which he or she is entitled, regardless of which party will be retaining the specific asset at issue. Having an experienced lawyer can be an invaluable asset: these situations require not only legal experience, but also the knowledge to competently work with business valuation, accounting and tax experts to ensure that accurate distribution is the end result.
Sparks Integrative Family Law has over 50 years’ experience assisting clients with complex Kentucky divorce cases, including marital estates that contain corporations, trusts, and professional practices. We also routinely retain the best accounting and tax experts to ensure that our clients and their assets remain protected both during and after a divorce.
Contact us if you are thinking about divorce but are unsure how it will affect your business, professional practice or other significant assets.