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Family Law Blog: Divorce and business

Wednesday October 14, 2009 at 2:54pm

Continuing our efforts to dispell common myths and misunderstandings about divorce and family law here's one that's relevant to all business owners and their spouses.

MYTH:
If we divorce I won't be entilted to anything from my partner's business.

REALITY:
You quite probably are entitled to something. It may be to a share of the income it produces, but much depends upon the nature of the business. You may have helped him to set up.

You may have made a significant contribution to its success. These issues, and more, might mean entitlement to some funds from it.

101 myths and misconceptions about divorce and separation are covered in the new Woolley & Co book - Exploring the Myths about Divorce and Separation - free to download.

divorce and separation book

» Categories: General, Finances

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