If you own a business, its increase in value during the marriage is a family asset. We look at the “Fair Market Value” on the date of separation. Mediation allows for creative solutions—such as one spouse keeping the business while the other receives an equalization payment over time—to ensure the company remains viable.
Do I need a separation agreement if we don’t have kids?
Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...
