When a business or other asset constitutes the bulk of the marital estate, the valuation of that asset can be very important in achieving a successful settlement or verdict in the case. Warner Norcross & Judd attorneys have experience working with the most qualified business valuation experts in Michigan, and understand the valuation techniques used by such experts. This experience is vital in selecting and working with a valuation expert, and challenging an opposing expert when necessary.
Different approaches to business valuation can result in vastly different opinions regarding value, and it is critical that the attorney understand the valuation method being applied and the financial data which is being considered by the expert. In particular, the attorney must also be familiar with Michigan’s strict requirements for expert opinions to be admissible in court in order to effectively present evidence if the case is tried.
Certain business valuation issues are unique to the divorce setting, such as a “holder’s interest” valuation, and how a “double dip” may affect spousal and child support payments. Warner attorneys understand these challenges. They also have experience with developing creative ways to structure a property settlement so that both parties receive fair value while allowing the business to remain economically viable.
Contact any of our family law attorneys for assistance with complex asset and business valuations.
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