Nashville Divorce Attorneys
When a husband and wife divorce, the court must take into account the value of their marital estate when determining how to divide property in an equitable manner. One challenging issue that may arise in the context of a divorce is the valuation of a family-owned business.
With more than 25 years of combined legal experience, attorneys Jeffrey L. Levy and Mary Langford are prepared to manage any complex property division issue that may arise in the context of divorce proceedings. We have helped many clients throughout Middle Tennessee in divorce proceedings involving the valuation of family-owned businesses.
Protecting Your Rights
Determining the value of a business may seem like a simple process. Just hire a qualified professional to provide a valuation and rely on his or her expertise. Unfortunately, it is not that simple. Several factors can complicate matters:
- You need an attorney who knows how to retain a highly qualified expert. Not all experts are equally qualified or prepared to offer a valuation that will be accepted by a court.
- Your attorney must know how to effectively communicate with the expert, comprehend the expert's reports and, if necessary, utilize expert testimony effectively at trial.
- If your spouse (or his or her counsel) retains an expert, your attorney must know how to carefully review the expert's reports to identify potential faults and, if necessary, effectively cross-examine the expert at trial.
- Should your case go to trial, your attorney must be able to take complex financial data and concepts and distill them to effectively communicate to the court the reasons why your expert's conclusion should be accepted.
The value of a business is just one factor in the overall value of the marital estate. If parties can reach an agreement on the value of the business, they may be able to utilize a variety of creative measures to divide liquid assets in a manner that is beneficial to both parties. Our attorneys are highly skilled at negotiating agreements and can effectively advocate for clients in the courtroom when necessary.
Whether your case is best resolved by a negotiated agreement or by taking your case to trial, you can be confident that we will aggressively protect your rights. Using our knowledge of the law and our experience in cases involving complex financial matters, we will work diligently to seek the best possible outcome on your behalf.
Contact a Nashville Divorce Lawyer
If you need to speak with a divorce and family law attorney, we are pleased to offer a free 30-minute consultation. For assistance, call 615-866-0235 or contact us by e-mail.
