I will be participating as a panelist in a continuing legal education webinar tomorrow, March 15, 2012, entitled “Divorce and Business Valuations” at 1:00....
New York's divorce and family law blog
For those whose marriage is in trouble or who are about to begin a divorce, a few strategies can help preserve a business. Once the divorce proceedings start, entrepreneurs won't likely be able to implement some other legal maneuvers that, if accomplished in happier times, could keep their business from landing in a soon-to-be ex's possession.
Entrepreneur.com offers a guide to divorce proof your business:
1. Maintain good records, and keep the family's finances separate from those of the business.
2. Pay yourself a good salary.
3. Fire your spouse.
The more prominent the...
New York became the sixth state to permit same-sex marriage. The new law becomes effective on July 24, 2011.
New York officials are preparing for a surge in in applications for marriage licenses when the floodgates open.
Unfortunately, at some time in the foreseeable future, there will be a corresponding surge in same sex divorce. As I noted, when interviewed by the New York Post:
Lost in the euphoria of the historic passage of New York's same-sex marriage bill is the inevitability of bitter break-ups.
There will be support claims to resolve, property to...
Whether it be the economy, a desire to protect children, or simply the old adage that “The devil you know is better than the one you don’t,” more New York City couples are discontinuing their divorces and exploring reconciliation.
Following Stephanie Seymour’s reconciliation with her husband, I was interviewed in the New York Post, with several other divorce experts, in an article which tried to explain the reasons why couples file for divorce, then reverse course and attempt to save their marriage. While there was no consensus as to the...