Dear notsurewhat2do:
Greetings. That is one solution (dividing the businesses), but there are many creative solutions here. First, if she gets alimony and business value, I think that you would have an argument on “double dipping,” so that may not be an issue.
Some other ideas:
- Set out an agreed upon amount of value and have you pay as the business pays.
- Take out a loan to pay her
- Find investors
- Give her the businesses and have her pay you (this may make her change her mind about what she wants/deems entitled to out of the business).
There are many, many options. Remember that you don’t have to file for separation, as you are separated, but you do need to work out an agreement soon, prior to divorce. Best of luck.
Janet L. Fritts
Attorney with Rosen Law Firm
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
919.787.6668 main phone
919.256.1665 direct fax
301 McCullough Drive Suite 510
Charlotte, North Carolina 28262
704.644.2831 main voice
704.307.4595 main fax
1829 East Franklin Street, Bldg 600
Chapel Hill, NC 27514
919.321.0780 main phone
919.787.6668 main fax
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.