Dear justplaintired:
Greetings. The business is your wife’s separate property, but may have some marital, divisible equity. You need to see an attorney to help you value your portion, if any, of the business. Best of luck.
Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
RosenDivorcecom
919-787-6668
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.
HATE TO APPEAR STUPID BUT COULD YOU PLEASE EXPLAIN WHAT PARTS COULD BE MARITAL? THE FACT THAT I HELP PAY THE TAXES AND ETC? THANK AGAIN!
Dear justplaintired:
Greetings. The answer is “I don’t know.” It would take a detailed review of the business structure, parties’ contributions, changes to business, etc., to determine what any marital interest in the business may be. Best of luck.
Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
RosenDivorcecom
919-787-6668
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.
</font id=“Book Antiqua”>IF MY WIFE IS SELF-EMPLOYED INA BUSINESS THAT ONCE BELONGED TO HER GRANDMOTHER AND NOW I RUN IT BUT IT IS IN HER MOTHER’S NAME AND WE DIVORCE WHAT RIGHTS WOULD I HAVE TO THE BUSINESS. SHE HAS WORKED THIS BUSINESS SINCE WE WERE MARRIED. ALL THE LICENSES ARE IN MY WIFES NAME AND WE PAY ALL THE TAXES AND GUESS YOU COULD SAY THE BUILDING BELONGS TO HER MOTHER. THANKS FOR YOUR HELP. IF YOU NEED MORE DETAILS I WILL RESPOND. WE ARE THE ONLY ONES THAT FILE TAXES FROM THE BUSINESS.[8D]