My Spouse Owns a Business Am I Entitled to a Share of it in the Divorce?

Accel Admin   July 28, 2015   Comments Off on My Spouse Owns a Business Am I Entitled to a Share of it in the Divorce?
  • If a spouse started a business during the course of a marriage, it is presumptively marital property in the State of New York.
  • A court appointed expert, usually a forensic accountant, will determine how much the business is worth and what percentage the non-titled spouse would be entitled to.
  • After that, arguments are made with regard to how much of that value the non-titled spouse is entitled to based upon facts and circumstances surrounding their participation, either direct or indirect, in the development of that business.