Protecting your assets in a divorce

Description

Abstract: Divorces can be painful. Hiring an outside financial expert to serve as a consultant can help ease the financial pain. This article shows how an expert can value a dealership and perform other financial tasks to help achieve an equitable distribution of assets that doesn’t spread an owner too thin personally or impair dealership performance. Specifically, it looks at what constitutes a marital asset, the three approaches used to value a dealership, and the distinction between business and personal goodwill.