Dividing a business during a divorce?

My wife and I own a small flower shop, and are heading for a contentious divorce. Neither of us have the money to buy the other out. Is this something a judge will divide up?

Columbia, MO -

Attorney Answers (2)

Peter Russell Van Leunen

Peter Russell Van Leunen

Litigation Lawyer - Saint Louis, MO
Answered

Not necessarily. If you can both agree to a division of assets in a divorce, the judge will usually allow that. If you are represented, then you really need to speak to your hired counsel about this. It is always best to hire an experienced family law attorney to protect your interests in a divorce.

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Steven Edward Weir

Steven Edward Weir

Criminal Defense Attorney - Washington, MO
Answered

Calm people can usually work things out. You don't want to act in the heat of anger. Think about what is most important in your life, and the amount of emotional exhaustion you will experience being contentious. Let cool heads prevail. In my experience, there is plenty of fault to go around, so be careful about bringing out all the ammunition stored up over the years. It can backfire.

If you have further questions, feel free to contact me through the contact information on my website. This is a... more

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