Mediate Michigan

If you’re a small business owner, a divorce can be reminiscent of “Little Shop of Horrors.” But instead of carnivorous plants chanting, “Feed me!” it’s your soon-to-be-ex who is the hungry one. For your cash, that is.

Not only is the family business usually the largest marital asset, it’s also often the family’s main income source.

In order to make a distribution of property in a divorce, it is necessary to determine the value of the marital assets and debts. This difficult, complex task is exacerbated when a family business is involved because spouses tend to develop two different syndromes during the valuation phase, according to the divorce lawyers for men at Cordell and Cordell.

via Joseph E. Cordell: Family Businesses Can Be Under Siege In Divorce.