Valuing a small business in a divorce can be complex and often involves several methods. Here are some common approaches: Income Approach: Capitalization of Earnings: This method estimates future profits and applies a capitalization rate to determine the business’s value. Discounted Cash Flow (DCF): Projects future cash flows and discounts…
Excerpted from psychcentral.com: Are You Ready For Divorce? 7 Questions To Ask Yourself ” This article outlines what couples need to do to face the numerous dilemmas associated with divorce. But first, they must identify their unique dilemma. Couples facing the possibility of a divorce face one of these three…
CPA Ginita Wall has some sound advice for strategies for separating out the emotion in a divorce from the financial outcomes. Attorney Michael Roe has seen, from years in practice interfacing with judges in cases with complex financial issues, that judges are more interested in well managed facts, organized information,…
Post holiday stresses can lead to divorces being initiated in the New Year. Unfortunately, for many couples that means planning separate lives. Lawyers even refer to the first working day in January as “Divorce Day” because so many people begin legal proceedings to end their marriages at this time, but…
Now that 2010 has arrived people who have been considering filing for divorce are starting to take action. Once the decision is made to file for divorce, an important decision must also be made as to how the divorce will be conducted. Are you looking for a high cost, high…
I have written in this blog on Collaborative and Cooperative Divorce and conducted a seminar last year for the Kane County ADR Committee on Collaborative and Cooperative Divorce. The Collaborative Divorce offers some distinct advantages to divorcing parties over the typical bitterly contested, litigated divorce. However, there have been some…
Selecting the lawyer that will represent you is one of the most important decisions that you will make in your divorce case. You should try to find a lawyer who is skilled, competent, and who only handles family law and divorce cases. Seek someone who is responsive and willing to…
Madonna and Guy Ritchie could be the first high-profile couple to divorce collaborative-style. The new, fast-track and non-confrontational way of reaching arrangements over money and children on divorce has just won senior judicial backing – in the week that the couple’s split became public knowledge. Collaborative law does not sound…
In mediation, there is one trained ‘neutral’ who helps the disputing parties try to settle their case. The mediator cannot give either party legal advice, and cannot help either side advocate its position. Mediation is a facilitative process, and it works best when the parties have a strong desire to…
What many family lawyers have sensed for a few years has now been corroborated by Gregg Herman, who chairs the American Bar Association Family Law Section. He says, “Divorce has become far less litigious in that more cases are settled than litigated.” The members of the American Academy of Matrimonial…