The safety of our employees, clients, and community is our primary concern. Due to the county’s recent shelter-in-place order, our physical offices are currently closed. Our attorneys are still working and are available via email and phone. A staff member will gladly assist you by phone or you may refer to our website for each attorney’s email address, assuming you do not have it already.

If you are a potential client interested in scheduling a call with one of our attorneys, please call our office or email [email protected]. A staff member will reach out to you to schedule a consultation by phone.

We wish you continued good health and look forward to reopening our physical offices soon. In the meantime, please stay safe.

Flicker, Kerin, Kruger & Bissada, LLP
Menlo Park
650-289-1400
San Ramon
925-327-6200

Get help with your high-asset divorce to protect yourself

Prior to getting involved with your current spouse, you'd set up your own business. They came to work for you as your employee, and later on, many events led to you both getting married.

Today, your spouse is an important part of your business, but with a divorce on the horizon, you're scared that you're going to lose the business that you once put so much time and effort into starting. What should you do?

Be realistic

To start with, be realistic about your business and your divorce. For example, if your spouse has always worked hard for the business and has been there nearly since the beginning, it may be fair to split profits or to buy them out of the business. If they've only recently starting to take on a role with the business, then you might push more toward keeping the business for yourself and considering trading other assets in exchange.

Know the law

In California, divorces are ruled by community property laws. In community property states, all marital assets are divided equally. This might mean that you want to sell your business and split the profits or that you trade other assets to your spouse to maintain the business yourself. It's a complex situation to deal with, so if your business falls into the marital asset category, you will want to reach out to your attorney for more help.

Our site has more on community property and high-asset divorces. You may have a lot of money and hard work put at stake during your divorce, but the right help can protect your interests.

No Comments

Leave a comment
Comment Information