One contentious issue that arises during a divorce is when there is a business asset and how to divide it. This is true whether the business is a professional business owned by one spouse, or a family business owned and operated by both spouses. Except in rare cases, the first step is to have the business's worth evaluated. How Valuation of a Business Works in a Collaborative Divorce In a … [Read more...] about Do We Need a Business Evaluation for Our Divorce?
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Knowing when to divide stocks during a divorce can be a challenge, especially when the market is unpredictable. It is particularly important when talking about retirement accounts that need to be divided appropriately so the division does not create a tax burden. What to Consider When Dividing Stocks The financial advisor needs to make sure that the split is done in such a way that the … [Read more...] about When Is The Right Time To Divide Stocks During Divorce?
When a couple gets divorced, their tax situation changes with the Internal Revenue Service (IRS). Often, this creates a difficult situation for one of the spouses. It seems there is always one spouse more familiar with filing the tax returns than the other. If you were a spouse who did not know much about your financial situation, you seriously need to find a tax preparer who can … [Read more...] about Preparing Taxes Post Divorce