Typically, a divorce that involves the division of high-value assets is going to prove complicated. And if you are a business owner, you will have the extra responsibility of submitting a summary of your company’s worth. But in doing so, you will need to decide just how detailed a summary is needed for your set of circumstances.
Since the valuation process is best done by a skilled analyst, it is important to carefully consider the level of service you want to receive. You have two basic options; full valuation or calculation of value. Your choice can be predicated upon how your property division issues are being settled.
For example, if your case is being decided by a judge or if an arbiter is overseeing the process, a full valuation is typically more appropriate. This is because the full valuation provides a more reliable assessment of a company’s value. The downside is that the full valuation can take longer to prepare and in turn, is more costly.
On the other hand, if you and your soon-to-be ex-spouse are able to work out your settlement through mediation, a calculation of value may prove adequate. Simply put, the more amenable your ex is to compromise, the greater the likelihood that a calculation of value will produce satisfactory results.
But there are other considerations, such as the size and complexity of the business, that could also factor into your decision. As such, you may want to have an experienced high asset divorce attorney advise you on the best approach to take given your circumstances.