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Author Topic: business monies  (Read 2096 times)
junica
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« on: September 27, 2006, 10:33:14 PM »



Also, to add to the thread of being grateful toyou for this site.  I am without words to describe my gratitude to you.

Junica   
« Last Edit: November 18, 2006, 10:02:25 PM by junica » Logged
Lee Borden
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« Reply #1 on: September 28, 2006, 07:43:56 AM »

Ooh, fun one!

Assuming you and he have a lengthy marriage, the value of his professional practice is a marital asset available for division. And assuming you're about to enjoy a big pop from the wrongful death suit, that pop would swell the value of the firm.

Here's where the fun comes in. To demonstrate the value of the firm, you'll need to hire a business valuator who specializes in valuing plaintiff's suit legal practices, who will need to examine the books of the practice, including all the calendars and e-mails of its principal. This will also (likely) require interviews with clients, witnesses, other attorneys, etc.

Do you see where this is going? All entrepreneurs HATE to have this level of scrutiny, and I think lawyers hate it most of all. It's entirely possible that when you and your attorney begin discussing the intrusive nature of the inquiry into the value of your STBX's practice, your STBX will find it more appealing to make you an offer to cut it off.
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junica
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« Reply #2 on: September 28, 2006, 09:17:24 AM »

 

Thanks!
« Last Edit: November 18, 2006, 10:03:02 PM by junica » Logged
Lee Borden
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« Reply #3 on: September 28, 2006, 11:32:04 AM »

After a marriage of short duration, unless you can show that your efforts were critical in obtaining and/or successfully prosecuting this case, my guess is that you would be unlikely to get any significant recovery from it over the objections of your STBX. Of course, what I think isn't important; what matters to you is what the judge thinks, and the judge may see it completely differently from me.
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junica
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« Reply #4 on: September 29, 2006, 12:30:18 AM »

abcdefg
« Last Edit: November 18, 2006, 10:03:53 PM by junica » Logged
Lee Borden
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« Reply #5 on: September 29, 2006, 08:16:40 AM »

Sure, that's a good argument. I don't think it changes the calculus dramatically, but you should raise it.
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