Legal Question in Family Law in Washington
Business and divorce
In a divorce, what is the percentange split when a business is owned and operated by both husband and wife?
Asked on 9/03/07, 8:17 pm
1 Answer from Attorneys
Elizabeth Powell
ELizabeth Powell PS Inc
Re: Business and divorce
"Just and equitable" - code for whatever the court thinks is fair considering all the circumstances. Frankly it is a loose standard, so the more information you go in with supporting your position the better off you are. There are litigation support services that will do a forensic evaluation of the value of the business and help you figure it out.
Hope this helps. Elizabeth Powell
Answered on 9/04/07, 11:18 am