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When your ex’s business is your financial business in divorce

“Money can’t buy you happiness.” That is the saying, at least. For the most part, however, most of us could agree that money does provide peace of mind. It provides a financially secure life which can help us sleep at night and help us raise our children as we see fit.

In terms of divorce and money, we almost always see that the divorcing individuals fight for what they might refer to as their “fair share.” This is expected. This is important in order to provide peace of mind for both the higher-earner and the lesser-earner.

Neither party in a divorce wants to feel as though they’ve been tricked out of the money they’ve earned, either through working and/or through running a home or contributing to the household’s income in other ways.

It can be the “other ways” of contributing that complicate matters of property division in divorces. For example, maybe your estranged husband runs a successful business. Maybe he is the one who has gone to work on the routine basis. But maybe you are a large reason why the business began and became a success.

Was the business your idea? Did you help with any of the marketing strategies or other processes that have built up the business? A business takes money to create and to run. Was part of the investment in the business your money?

These are just a few basic questions that a divorce lawyer will discuss with you regarding a family business and what happens when your marriage ends. Of course, you should voice any other concerns you have about the money you believe you are owed after the divorce.

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Sparkman Law Firm
313 South Bungalow Park Avenue
Tampa, FL 33609
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Phone: 813-374-2000
Fax: 813-374-2031
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313 South Bungalow Park Avenue