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Posts tagged "family business"

Your first step into the divorce process: telling your spouse

On behalf of Goldstein & Bachman posted in Divorce on Wednesday, May 30, 2012

When most people think about divorce, their minds immediately jump to working through the steps of the process. They think about dividing their family business, splitting the vacation property, dividing the pension plan, creating a parenting plan, and paying child or spousal support.

All of those are necessary parts of the divorce process in New Jersey, but there's something that must happen before any of those things can happen. You need to tell your spouse that you want a divorce. And like everything else in the divorce process, it's important that your actions are intentional and well thought-out.

Continue reading Your first step into the divorce process: telling your spouse

Tags: communication, divorce, divorce lawyer, family business, finances

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What should I look for in an Old Bridge divorce lawyer?

On behalf of Goldstein & Bachman posted in Divorce on Wednesday, May 23, 2012

Working through the divorce process can be difficult. You're emotionally involved with the legal matter you're trying to resolve, and you may be angry toward or feeling hurt by your soon-to-be ex-spouse.

As a result, you may not be as mentally prepared as you would prefer, and that's okay. However, it does reiterate the importance of finding an experienced family law attorney who can guide you through the divorce process. If you are starting the divorce process in New Jersey, read the following tips to help you find an attorney who can give you the representation you need.

An effective divorce lawyer will:

Continue reading What should I look for in an Old Bridge divorce lawyer?

Tags: divorce, divorce lawyer, family business, family law, lawyer

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What do superheroes, divorce and family businesses have in common?

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Monday, April 9, 2012

You might think that superheroes, divorce and family businesses have very little in common. In many regards, you're right. However, if you copy the style and approach of your favorite superhero, you might fare better in a divorce.

Now, if your favorite superhero is Superman, your divorce may not benefit from you being faster than a speeding bullet, more powerful than a locomotive and able leap tall buildings in single bound.

However, if you try to think like Batman, you may be able to save your family business from getting ruined during your divorce. When Batman is getting ready to fight crime in Gotham, he is always prepared for the worst-case scenarios. You don't need a bulletproof costume to work through the divorce process in Old Bridge, but being prepared for the worst can be advantageous.

Continue reading What do superheroes, divorce and family businesses have in common?

Tags: division of property, divorce, family business, high net worth divorce, superheroes

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Divorce can put a strain on New Jersey family businesses

On behalf of Goldstein & Bachman posted in Divorce on Friday, October 21, 2011

New Jersey residents involved in divorces often find that the process puts a strain on a family business. In many cases, such a business is the major source of a couple's income, as well as being the most significant economic asset for the soon to be ex-spouses to struggle over.

Placing a dollar value on a couple's assets is necessary before a fair economic settlement can be arrived at. Often, during the divorce process, one of the spouses may argue that the business is facing difficulty and is actually worth nothing, or at least less than it previously was. The other spouse, to the contrary, may claim that the business has great prospects, and therefore should be priced at a premium.

Continue reading Divorce can put a strain on New Jersey family businesses

Tags: asset division, divorce, family business

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Preserving a family business during a high net worth divorce

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Wednesday, April 20, 2011

Many high net worth couples work together to build and develop family businesses. However, when a marriage ends, the security of the business may also be placed in jeopardy. Like other assets the couple owns, the family business will likely be subject to asset division during the divorce.

While dividing or closing the business may not be the most desirable option for the business, there are ways to avoid that outcome. If it is not feasible for the couple to remain business partners, the following approaches may provide solutions for New Jersey couples who are divorcing.

Continue reading Preserving a family business during a high net worth divorce

Tags: business valuation, division of property, family business, high net worth divorce

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Goldstein & Bachman's founding partners - Mark Goldstein and Howard Bachman - have each practiced law in New Jersey for more than 20 years.

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