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The titular question sends jitters to a husband who is a businessman and, sadly, who is ending his marital association.
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The titular question sends jitters to a husband who is a businessman and, sadly, who is ending his marital association. Plus, he will furrow his brow more on the word “half” as it accompanies some dreadful phrases—half of your property, half of your income, and half of your businesses. Such a man, by and large, thinks that how will he survive if half of his income or business value is taken from his hands after the divorce. And usually in such scenarios, you will see husbands cooking a cock-and-bull tale and taking a couple of foolish steps to make the business look less profitable. Is My Wife Really Entitled to Half of My Business if We Divorce?
“Does my wife get half of my business while we divorce and while my company predates the wedlock?” To answer this question correctly, the attorney, in turn, will ask you a few questions; some of them are mentioned below. * How long has the business been the there (before marriage)? * How many assets are possessed by the concern before the marital association took place? (For many companies, the profitability completely depends on their respective cash flows.) * What was the concern’s value during marriage? * Has the business become more/less valuable after the wedlock? Or has the value of the concern remained the same since marriage? * What is the value change (if there is any)? And what factors do you think have resulted that change to take place?
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