S10 Ep98: What Is the Double Dipping Rule in Asset Division?

#ChooseGoldman Understanding the "double dipping" rule in asset division is crucial during a divorce when evaluating a business that provides both an underlying asset and personal income. This breakdown explores how courts distinguish between income and assets to ensure a fair division. • Explores the concept of double dipping where business income is used for alimony while the business asset itself is also divided. • Highlights the fundamental difference between income used for daily bills and underlying assets that grow over time. • Emphasizes the importance of obtaining an appropriate business valuation to determine the true worth of the asset apart from salary. • Discusses how a business's longevity and history of continuous sustenance add intrinsic value beyond physical equipment and accounts receivable. • Explains why the specific valuation formula used is crucial for fairly dividing the business and separating asset value from personal support income. Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Schedule Your Complimentary Phone Consultation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 Learn more in our blog: https://akivagoldman.com/blog/divorce/what-is-the-double-dipping-rule-in-asset-division For more information: https://akivagoldman.com/michigan-divorce-lawyer Visit us at https://akivagoldman.com/ #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #AssetDivision #BusinessValuation #DivorceLaw #Alimony #FamilyLaw Akiva Goldman  Michigan Family Law Attorney  Goldman & Associates Law Firm  ChooseGoldman.com