Self Employment and Divorce
When one person in a marriage is self employed, the other person often has no idea what their spouse's true financial situation is. If you or your spouse is self employed, an experienced lawyer can help you properly prepare for your divorce and property settlement. At the Viles Law Offices in Scottsdale and Phoenix, we have represented clients in over 1,000 family law cases ranging from simple uncontested divorce to high net worth and complex divorces requiring substantial litigation. Let our experience work for you.
Free Initial Consultations for Your Family Law Concerns
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If your spouse is self employed, chances are you do not take the time to look over their books on a regular basis to ensure everything is being handled correctly. Without proper surveillance, you could have misinformation about important financial issues. And once you are going through a divorce, it is not uncommon for spouses to hear that there is a sudden downturn in the business, resulting in less income, of course.
People who are self-employed can control what their tax return says, which means they can determine what their income is, as opposed to their expenses. Our attorney will conduct a thorough investigation, working with forensic accountants and other financial experts, if necessary, to get accurate information to use in your property settlement agreement. We will ask all of the necessary questions:
- Does the community have an interest in the business?
- What is the value of the business, and what is the value of the community's interest?
We also work with experts within the given field of your spouse. For example, when determining the value of the business of a dentist, we may seek out other dentists in the area from which to base an estimate of business value. Your entire marital estate has an interest in that business, so your asset division and property settlement will be affected. It is important to hire and rely on an attorney who understands the ins and outs of self-employment and divorce.
Contact Us
Swiftly identifying your goals and the potential ways in which your property settlement could be impacted by self employment, we will help you prepare accordingly. From our Scottsdale and Phoenix law offices, we help clients across Arizona with all types of financial concerns. Call 1-866-756-7120 or contact us on-line today for a free initial consultation.
