Divorcing couples have a lot on their plate. The need to address child custody issues, property division and a wide range of other concerns can take a great deal of time and effort. However, for those in Massachusetts who own a business with their soon-to-be-ex spouse, dividing up the business interests can further complicate their divorce.
When a business is jointly owned, both spouses have the right to retain the value of their share of the business and its holdings. This can be difficult to quantify, however, and requires a carefully considered approach. Should a dispute arise concerning the value of the business, litigation can follow, which can greatly add to the stress and expense of a Massachusetts divorce.