The idea behind a family business often involves passing it on to the next generation. The founder never intended it to be something that just benefited them personally, but hoped to give it to their heirs both so that they could keep growing the business and so that they would have a stable income. Unfortunately, the statistics show that this does not
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
If you go to work and see uncomfortable images, you may feel out of place. For example, if you’re female and go into your manager’s office, you may not be comfortable with seeing a nude poster or calendar. It’s okay to feel that way, and in some cases, you may actually have a sexual harassment claim if you bring up
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
If you and your spouse are divorcing, other than the custody of any children, the division of your property is likely the biggest issue you will face. Typically, the family home and any vacation homes or rental properties, along with the retirement accounts, are the largest assets to divide. But along with those big-ticket assets, don’t forget some smaller, but
Having a flirtatious dynamic with someone at work isn’t always a bad thing. Those who work in sales or customer-facing positions often find that a couple of humorous insinuations are all that they need to get on the good side of a customer or client. Others may enjoy the playful camaraderie that comes from having a flirtatious relationship with some
Insurance companies can come up with more reasons to avoid paying a claim than children can for not doing homework. While some may be legitimate, many are not. Insurance companies make more money if they make claiming difficult. They have a right to carry out a full investigation of any claim. They have an obligation to pay valid ones. It
Many people who own businesses would like to pass their companies on to their children. When making a business succession plan, they assume that means all of their children should get an equal share. You can do this if you’d like, but it certainly isn’t a requirement. You must decide what is best for your family and for the business
You’re a stay-at-home parent, as you have been for the last 10 years. When you and your spouse decided to have children, you also decided that your spouse could continue working to grow their business and you would quit your career to care for the kids. Over the last decade, your spouse’s business has done quite well. You’re used to
The idea behind a family business often involves passing it on to the next generation. The founder never intended it to be something that just benefited them personally, but hoped to give it to their heirs both so that they could keep growing the business and so that they would have a stable income. Unfortunately, the statistics show that this does not
When a divorcing couple has a lot of valuable assets — particularly collections, works of art, intellectual property and the like — the property division process can get very complicated. There are times when it’s necessary to bring in outside professionals to help, like an appraiser. They can aid you and your ex in reaching an agreement about the value of your
Heirlooms often have little more than sentimental value. However, in high-asset divorces, family heirlooms can become a point of contention. Art, guns, jewelry, antique furniture, and other items are meant to be passed down for generations, but those items may be subject to division as part of your marital property under certain circumstances. To avoid precious family heirlooms from being
If you go to work and see uncomfortable images, you may feel out of place. For example, if you’re female and go into your manager’s office, you may not be comfortable with seeing a nude poster or calendar. It’s okay to feel that way, and in some cases, you may actually have a sexual harassment claim if you bring up
Your spouse’s career has flourished over the years and their income has steadily grown as they reached the top levels of their company. You know that it consists of more than just a salary. You may have heard them talk about bonuses, stock options and commissions. However, you never paid much attention until you started preparing for divorce. Now you
If you and your spouse are divorcing, other than the custody of any children, the division of your property is likely the biggest issue you will face. Typically, the family home and any vacation homes or rental properties, along with the retirement accounts, are the largest assets to divide. But along with those big-ticket assets, don’t forget some smaller, but
Having a flirtatious dynamic with someone at work isn’t always a bad thing. Those who work in sales or customer-facing positions often find that a couple of humorous insinuations are all that they need to get on the good side of a customer or client. Others may enjoy the playful camaraderie that comes from having a flirtatious relationship with some
Insurance companies can come up with more reasons to avoid paying a claim than children can for not doing homework. While some may be legitimate, many are not. Insurance companies make more money if they make claiming difficult. They have a right to carry out a full investigation of any claim. They have an obligation to pay valid ones. It
Many people who own businesses would like to pass their companies on to their children. When making a business succession plan, they assume that means all of their children should get an equal share. You can do this if you’d like, but it certainly isn’t a requirement. You must decide what is best for your family and for the business
You’re a stay-at-home parent, as you have been for the last 10 years. When you and your spouse decided to have children, you also decided that your spouse could continue working to grow their business and you would quit your career to care for the kids. Over the last decade, your spouse’s business has done quite well. You’re used to
