S8 Ep32: Is a Family Business Considered Separate or Marital Property

#ChooseGoldman Understanding if a family business is considered separate or marital property is crucial for anyone navigating divorce in Michigan. This video breaks down how these assets are typically handled under Michigan law. • Businesses started during the marriage are generally considered marital property. • If a business existed before the marriage, its original value might be separate, but any growth during the marriage could be marital. • The valuation of a family business can be complex and often requires expert analysis. • If both spouses work in the business, solutions range from continued co-ownership to buyouts or sales. • Prenuptial agreements can clarify business ownership and help prevent future disputes. 📞 (248) 590-6600 Call/Text 📅 For a Complimentary Phone Case Evaluation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 Click here to watch the video: https://youtu.be/6oCroZmWJrg For more information: https://akivagoldman.com/michigan-divorce-lawyer ⬇️ Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ For additional information, watch these videos: How Are Marital Assets Divided In A High Asset Divorce - ChooseGoldman.com - https://www.youtube.com/watch?v=SOZF6fk6RC4 What Are Marital Assets - ChooseGoldman.com - https://www.youtube.com/watch?v=MKeCkNItS3c #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #FamilyBusiness #Divorce #MaritalProperty #MichiganLaw #LegalAdvice #BusinessValuation