Episode Summary: In this episode, family law attorney Ellie Sweeney breaks down how California law treats business interests during divorce. She explains the difference between separate and community property, how business value is determined, and what happens when a business increases in value during marriage. Ellie also covers common mistakes business owners make, how goodwill and reputation affect valuations, and strategies to protect your business while navigating divorce.
Key Timestamps:
00:00: Understanding business division in divorce 01:20: How ownership before and during marriage affects rights 03:30: The role of forensic accountants and expert witnesses 05:00: Calculating community interest 06:30: Why expert valuations are critical 08:10: Balancing fair division with keeping operations running 10:00: How intangible assets affect valuations 11:00: Forthcoming documentation and expert guidance
About the Show: Your Rights, Your Voice: Family Law Clarity with Ellie Sweeney offers practical guidance to families and professionals navigating divorce, custody, and property division in California. Attorney Ellie Sweeney provides clear strategies to protect assets, reduce stress, and ensure fair legal outcomes.
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