Court can be time consuming and costly and should ideally be used as a last resort.
You need to decide what your best case scenario is and how much you would compromise with your spouse in order to avoid going to court. You should consider, for example, whether you’re prepared to give your spouse a share of the business, whether you would give your spouse some of the sales proceeds if you sold the business and if you would be prepared to give your spouse a share of the business’ income.
Our expert Huddersfield divorce solicitors particularly specialise in advising high net worth individuals, or spouses of high net worth individuals, with international assets and investments. We understand the complexities businesses can bring to divorce settlements and have solicitors who are highly skilled in negotiating with your spouse’s solicitor in order to get you the best possible outcome.
When dealing with divorce and business, it is possible to get your company accountant to value your business but specialist legal advice from our Huddersfield divorce solicitors should be taken before any decisions are made. The court will generally appoint an independent professional to value your business. Your company accountant can then inform the independent professional on any information you would like them to have.
Your spouse is much more likely to challenge the valuation of your business if it is done by your own company accountant.
By letting an independent professional do the valuation, with help and information from your company accountant, your spouse is much less likely to challenge the valuation.
It is important to get specialist legal advice before making any decisions about how you would like to get your business valued. Our Huddersfield divorce solicitors particularly specialise in advising individuals with large amounts of international assets and investments. Our experienced team of divorce solicitors understand the complexities this can bring to the divorce process and will advise you of how to obtain the best possible outcome for you. We can help no matter what stage you are at in the divorce process and can even advise you on what is likely to happen to your assets and investments if you are currently only considering leaving your spouse.
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