Common Myths Around Financial Aspects of Divorce - Myth #3: A Business Valuation Will Cost 5-Figures

Common Myths Around Financial Aspects of Divorce #3 - A Business Valuation Will Cost 5-Figures

Hi, welcome to MediatorPodcast.com, a podcast and video series about mediation, negotiation, and collaboration. My name is Melissa Gragg, and I'm a valuation expert and divorce financial mediator in St. Louis, Missouri. Today, we are with Rosalia Labate, and we're discussing myths in divorce. Rosalia is located in New York and is a Certified Divorce Financial Analyst and a Certified Public Accountant. She also provides services such as financial forensics, lifestyle analysis, and business valuations. We've been discussing myths surrounding the financial aspects of divorce. One myth we're going to address today is the belief that a business valuation will cost you five figures. Rosalia, is that a myth, or should it be a legitimate concern?

Podcast episode takeaways:
Myth Debunked on Cost: Business valuations do not always cost five figures; the price varies based on the depth of analysis required and the complexity of the business. Simple reviews could cost less, especially in mediation contexts where full detailed reports might not be necessary.

Different Levels of Valuation: There are levels to business valuations depending on the couple's needs—from basic reviews using tax returns to detailed examinations involving financial statements and underlying records.

Mediation Misconceptions: In mediation, there's a misconception that expensive experts are unnecessary. However, expert involvement can uncover critical financial details such as personal expenses disguised as business costs, significantly affecting settlements.

The Value of Neutrality: Utilizing a neutral business valuator can provide a more balanced and realistic appraisal of the business value, which can be crucial for fair negotiations in mediations.

Importance of Financial Understanding: Comprehensive financial analysis by experts can reveal discrepancies and hidden assets not apparent through simple document reviews, highlighting the importance of professional involvement in financial settlements during a divorce.

Rosalia Labate
https://labatecpa.com/
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[e-mail]

Melissa Gragg
CVA, MAFF
Expert testimony for financial and valuation issues  
Bridge Valuation Partners, LLC  
[e-mail]  
http://www.BridgeValuation.com  
http://www.ValuationPodcast.com  
http://www.MediatorPodcast.com  
https://www.valuationmediation.com  
https://www.thedivorceallies.com/
Cell: [phone]

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