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Business Interests and Divorce

Managing complex business interests is challenging enough even without family law complications, particularly in today’s volatile economic times. Contemplating divorce when business interests are likely to figure into a property division settlement or court order may seem overwhelming. Rest assured that Kearney | Baker has years of experience advising and representing men and women in California facing daunting divorces.

Well-Established California Family Law Firm Handling Complex Divorce Cases

The founding attorneys at Kearney | Baker are certified in family law by the State Bar of California Board of Legal Specialization. They have more than 60 years of experience assisting people through difficult issues of divorce, including division of business interests as assets. Business interests may include full or partial ownership of:

  • Commercial real estate
  • Professional practices (such as a medical clinic, an architectural firm or a law firm)
  • Franchises
  • Corporations
  • Unusual holding such as zoos, movie rights, mineral rights and businesses that provide personal services

One of the first things to realize about business interests and divorce is that any asset must figure into a determination of equitable property division. Whether you own a business outright or own a small portion of it, your business interest is part of your financial portfolio.

If you already had the business interests before marriage and kept them completely separate from marital property, it may not be subject to division in divorce. But if you and your spouse used co-mingled funds to maintain or add to your business investments, they are now partially or wholly marital property, even though they were once separate property.

These simplified hypothetical examples are intended to be for illustrative purposes only. Discuss your business interests, business valuation, marital finances and your pending California divorce with a qualified, experienced family law attorney. Your unique circumstances require personalized solutions.

Serving Area Communities Such As San Gabriel · Business Valuation Lawyer Here To Help

When you are ready to put our Pasadena family lawyers’ knowledge of divorce to work for you, please be in touch to schedule your initial consultation.

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