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Key facts for dividing your business in your divorce

A divorce can be a trying time, and figuring out how to divide all of your assets may be taxing. In the case of a business that you both helped to build or are currently running together, it may not be easy to resolve. There are a few key facts to consider when deciding how to divide your business in your divorce settlement.

Financial planning following a divorce

Once the dust settles and you and your former spouse have negotiated your property division, you want to pick up the pieces and set yourself up for success. Many people find that they are not able to enjoy the same lifestyle they did before because they only have one salary covering the household expenses.

What you share online might be used against you in your divorce

Social media may be part of your daily routine, but when you are going through a divorce, you might want to be cautious about what you post.  Forbes reports that electronic communications and social media posts can often have unforeseen consequences in divorce proceedings. Many people present themselves much better on social media than they are really doing. In a legal aspect, this could be detrimental to your case. 

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