By John J. Schrot, Jr.
Divorce can be bad business for your client. Mixing a business and its assets with a divorce can become financially and emotionally devastating for the divorcing couple and for its family, as well as for the business’ employees and co-owners. Division of property is usually the chief issue in divorce, and the business is usually the most valuable asset in a divorce. Planning can avoid this principal source of contention that occurs in a divorce. Avoiding a court battle will minimize the pitfalls.