Concluding a divorce usually takes one of four paths: death, reconciliation, settlement, or trial. Often, it's a combination of the latter two, with spouses agreeing on some matters but relying on a trial for a judge's decision on others. It's consistently recommended for clients to aim for settlement, with a crucial condition – settlement should only happen when there's enough information to make an informed decision. This means having a thorough grasp of the issues, often requiring completion of at least 70% of the discovery process before deciding.
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 d...
Concluding a divorce usually takes one of four paths: death, reconciliation, settlement, or trial. Often, it's a combination of the latter two, with spouses agreeing on some matters but relying on a trial for a judge's decision on others. It's consistently recommended for clients to aim for settlement, with a crucial condition – settlement should only happen when there's enough information to make an informed decision. This means having a thorough grasp of the issues, often requiring completion of at least 70% of the discovery process before deciding.
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 true value, potentially leading to an unfair arrangement. In such instances, settlements without the input of legal and financial experts may result in significant underpayment for the non-business-involved spouse. The fundamental question arises: Who possesses a better understanding of the business's financial standing?
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