Divorce cases can drag on, and many times couples separate and put off filing for divorce. Life goes on, and values can change, especially in today’s economy.
In most instances, the value of assets in a divorce proceeding is determined as of the date of trial or settlement. This can be a disaster for the business owner or professional in a falling market.
The law does allow the court to set a different date for valuation purposes in certain defined circumstances, but it must be done prior to trial. An attorney who is familiar with this process and the rules relating to alternate valuation dates may be able to save you a great deal of money.
But first the issue needs to be recognized, and only an experienced business and professional divorce attorney will see the issue and be able to take advantage of the rules as they relate to your case.