When you're going through a divorce, there are a few things about which you're likely to worry. One of those is protecting your business or your business interests. There are many ways that people handle these issues, ranging from selling their businesses to working together with an ex-spouse to run the business.
There are many potential pitfalls to dividing your assets when you divorce. There's often a concern about the marital home and who will live there. In some cases, one spouse could attempt to hide assets from the court to skew the process in his or her favor. Sometimes, the biggest issue is that you don't understand the value of many of your marital assets.
As you begin to learn more about the divorce process, it's important to try to avoid financial mistakes that have plagued others before you. With this knowledge, you can avoid going down the same path, which may save you both time and money.
It's not uncommon for spouses to employ many tricks to hide assets from one another during divorce proceedings. This practice is unlawful, however, and courts frown upon it.
While being a doctor doesn't guarantee that you'll go through a divorce, it can mean that your relationship will face additional struggles that others may not. There are dozens of reasons why doctors might become more prone to divorce.
Nothing disrupts business more than having your mind on other matters. That's what's happening now, as your spouse seeks a divorce against you. You're a busy dentist, and there are many assets you need to protect. It's taking away from your work as you have to focus on everything going on in your personal life.
Many people shy away from the divorce process because they don't want to deal with everything it will bring to their life. Instead, they assume that staying in their marriage is the better option.
Many people live their entire life in a relationship that makes them unhappy. Although they think about divorce every now and again, they never move forward with the process.
In the event of a divorce, you'll have many things to think about. If you don't devote the necessary time and attention to each detail, you could overlook something of vital importance.
One of the most difficult things to predict in a contentious divorce is how assets will get divided between you and your spouse. If you can't agree on who should get what or on the fairest way to divide assets, the courts will make that decision for you. The courts will try to arrange for what they consider an "equitable division" of your assets. However, equitable doesn't actually mean even or a 50/50 split. Equitable means fair, and fair could mean more going to one spouse under certain circumstances.