“I’m Getting Divorced – Will My Business Be Treated As Part Of The Divorce?”

Separation and Divorce can be an incredibly upsetting and destabilising time for many people, not just because of the upheaval to your personal life but the uncertainty about your financial life. 

A concern front and centre in the minds of many business owners when faced with separation is born out of this uncertainty; “will my business be up for grabs?”.

It is important that all couples looking to divorce understand that the starting point for division of matrimonial assets is equal sharing, and that matrimonial assets are usually understood as those which have been built or accrued during the marriage, through the effort of one party, the other or both together. 

As such, in a large majority of circumstances, especially where a marriage has subsisted for a long time, business assets will be considered matrimonial.

Whether or not the business will be expected to be sold or not will entirely depend on your specific circumstances, financial profile and the set up of your business, but we are here to help you answer these questions.

Please get in touch with our Family Team to set up an initial meeting where we can explore your situation together. Just call us on 01926 491181 or email: family@moore-tibbits.co.uk for a FREE initial consultation.