Family-run businesses and high asset divorce

When it comes to high asset divorces, there are many different issues that can make splitting up with a spouse even more challenging. In Boston, and cities all across Massachusetts, high net worth couples often have far more at stake and it is particularly important for you to carefully go over all of your options and understand the potential financial impact on divorce if you are in this position. At Kajko, Weisman & Colasanti, we know how beneficial preparation can be under these circumstances, especially for those who have a family-run business.

If you and your marital partner operate a business, the two of you may want to try to talk about how divorce will change things and take steps to make the process simpler, if you are able to. However, this is not always possible, but it is always helpful to carefully look into divorce issues and be ready for all potential outcomes. Some people may worry that splitting up with their marital partner will be devastating for their business, but they may be able to reduce the impact of divorce by clearly identifying the best course of action.

From going over the financial well-being and contributions of each spouse to dividing artwork and items with sentimental value, the distribution of marital property could be especially tricky if you have a high net worth. As a result, you need to be prepared for any obstacles that may arise.

In our divorce section, more material concerning to the division of property and other divorce-related topics can be viewed.



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