Divorce attorney for Business Owners, Edina
As a business owner going through a divorce in Edina, MN, you need a family law attorney who understands the unique circumstances that come with your career. Beth Barbosa has the experience required to act as your advocate through all stages of the divorce process, whether that may be division of assets, spousal obligations, or custody arrangements. Beth will get to know you and your unique needs before taking the necessary steps to ensure your divorce goes smoothly.
In one case, I represented the wife of the owner of a closely held business. At issue was the need to establish a fair buyout price of the business as well as a determination of ongoing spousal maintenance. We retained a business appraiser to determine the value of the company as well as a financial neutral who performed a cash flow analysis. As a result, we were able to engage in mediation, successfully negotiating a buyout of the business and an award of spousal maintenance.
Beth Barbosa- Divorce Lawyer for Business Owners, Edina
Beth Barbosa has worked as the attorney for many business owners who have gone through a divorce, so she understands that your business presents unique challenges during this process. Since you likely work unusual or extended hours running your own venture, you may assume it will be difficult to reach your attorney when it is convenient for you. However, Beth understands this aspect of business ownership and makes all the necessary accommodations to ensure you feel supported throughout the divorce process. She makes herself available to meet or talk on weekends if that’s more convenient for you, and she is always available via your preferred method of communication including text, email, or Skype.
An attorney going through a divorce retained me to deal with potential spousal maintenance issues, an equal allocation of debt, division of non-marital property and the spouse’s potential interest in my client’s law practice. An attempt at mediation failed so the case went to trial. The court denied the wife any spousal maintenance, awarded my client all of his non-marital property, and determined there would be an equal allocation of marital debt. Finally, my client was awarded his entire interest in his law practice.
Beth, divorce for business executives Edina will work alongside business valuation professionals to determine the value of your business and your other assets while keeping you informed of all findings. She will then work with you to protect those assets by helping to negotiate important things like child support and spousal maintenance and to manage additional costs that generally arise during the divorce process.
Edina Divorce Attorney for Business Owners’ Assistance
If you’re a business owner in Edina who is in the process of a divorce, you likely have many questions:
- How do I evaluate my business assets?
- How do I keep the confidentiality of my business intact while going through an asset valuation?
- If my spouse is a business partner, how will that affect the division of marital assets?
- Will I need to adjust my business commitments while going through a divorce?
- Is my spouse entitled to spousal maintenance because I earn more?
- Will my confidential financial information end up in the public record?
- How do I maintain my professional reputation throughout the divorce process?
- Is my spouse entitled to half of my retirement savings?
- How can I make this divorce easier on myself so I can focus on business?
- Can I reach fair co-parenting terms given my rigorous professional schedule?
- If I make more money than my spouse, how can I minimize my future financial obligations?
Beth Barbosa can answer these questions and any other questions you may have about your divorce. As a business owner, Beth understands that you may have unique concerns that need to be addressed before moving on from this process. She will work to resolve your concerns quickly and in the way that most benefits you and your future. Going through a divorce can be a stressful, trying time. You need a family law attorney who can work with you to reduce that burden and ensure you are satisfied with the end results of your divorce. Regardless of your personal and business financial assets, Beth Barbosa, divorce lawyer for business executives Edina will help you negotiate favorable terms when it comes to spousal maintenance, child support, and other aspects of divorce.
Divorce for Business Owners FAQs
Divorce lawyers estimate that the divorce rate for entrepreneurs and business owners is five to ten percent higher than the regular one. Business owners often have a demanding career with rigorous schedules which may be a contributing factor. Their chosen career can also make divorces more difficult for business owners, but a family law attorney can help.
Divorcing business owners may find it challenging to maintain the confidentiality of their business, accurately evaluate their business assets, reach a reasonable spousal maintenance agreement, and reach fair co-parenting terms given their rigorous professional schedule. With the help of a family law attorney, you can navigate these issues more easily.
Yes, your company is relevant to your divorce, and it is considered an asset when dividing property. The right attorney can help you maintain your company independently after divorce. You’ll need an accurate valuation of your company to ensure you don’t suffer unnecessary financial burden, so work with a lawyer who can connect you to an appraiser and other professionals.
Just because you have a demanding job doesn’t mean you shouldn’t be able to spend plenty of time with your child. You can work towards a fair visitation schedule during negotiations with your spouse or in court, if necessary. If you have the time in your schedule to maintain custody of your child, there is no reason you should be punished for owning your business and having a demanding schedule.
The spouses of small business owners also need to be fairly represented in a divorce. If you are the spouse of a business owner, you should make sure the business is properly assessed before you begin the negotiation process. A divorce attorney for business owners’ spouses can help you protect yourself during your divorce – financially and emotionally.