Arriving at a reasonable property settlement often requires financial savvy and strong negotiation skills – especially when accumulated over a lengthy marriage. In certain circumstances the property division impacts a family business, even when only one of the parties actually works in the business. However, there are ways to divide your property without destroying the family business. It is important to know your rights when dividing all assets as each party often has his or her own idea as to classification and division of special assets.

 

Other situations that require special attention are payments from lawsuits, worker’s compensation or disability benefits, gifts and inheritances, trusts, and education or advanced degrees obtained during a marriage. In some situations an appraiser or forensic accountant or economist is needed to ensure your asset is properly valued and divided.

 

Our business and estate planning attorneys often assist the family law team in protecting you and your assets. The entire legal team at Kirk & Simas is prepared to assist you with classifying, valuing, and dividing all of your assets – both the traditional assets as well as these special assets.