Concluding a divorce generally takes one of four paths: death, reconciliation, settlement, or trial. Often, it's a mix of the latter two, where spouses agree on certain matters but resort to a trial for a judge's decision on others. It is consistently recommended for clients to prioritize settlement, provided there is sufficient information for an informed decision. This requires a thorough grasp of the issues, typically necessitating the completion of at least 70% of the discovery process before decisions are made.
Imagine a situation where one spouse actively manages a full-time business, while the other either has a different job or is a stay-at-home parent. Equitably dividing the business becomes challengi...
Concluding a divorce generally takes one of four paths: death, reconciliation, settlement, or trial. Often, it's a mix of the latter two, where spouses agree on certain matters but resort to a trial for a judge's decision on others. It is consistently recommended for clients to prioritize settlement, provided there is sufficient information for an informed decision. This requires a thorough grasp of the issues, typically necessitating the completion of at least 70% of the discovery process before decisions are made.
Imagine a situation where one spouse actively manages a full-time business, while the other either has a different job or is a stay-at-home parent. Equitably dividing the business becomes challenging if the latter is unaware of its actual value, potentially resulting in an unfair arrangement. In such instances, settlements without the involvement of legal and financial experts may lead to significant underpayment for the non-business-involved spouse. The critical question emerges: Who possesses a superior understanding of the business's financial status?
You can check Orange County divorce mediation for details.
