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Your Business

Business and homemaking during marriage are considered
as of equal importance.

On divorce, businesses form an integral part of financial settlements and the Court now considers all the family circumstances when arriving at a settlement.

The Courts routinely ask that businesses and business interest’s are valued by a single joint expert who will act on behalf of both parties to assess the business with a view to making a valuation. There are measures you can take in order to reduce the impact on your business but these depend on many different factors such as whether the business was started before or during your marriage: who started the business etc

To reach a settlement that is fair and reasonable you must provide full and frank disclosure of your financial circumstances in order to arrive at a fair and meaningful value for the business as soon as you can; costs can rise if it becomes lengthy and complex.

Divorce, especially where businesses are involved is a highly specialised area of law and to ensure the best possible outcome, it is vital you take appropriate legal advice as soon as possible.

The following pages contain details on what to expect and points you may wish to consider: avenues you may wish to pursue to protect your business: an explanation of the valuation process: and important information about your pensions.