Boston, MA family law attorney Terri Partridge talks how a business is divided in a MA divorce. She navigates the complexities of business division in divorce proceedings, recognizing the various methods available. Although the division of shares is a common practice, divorcing individuals typically prefer disentangling from their ex-partner or spouse’s business interests. Judges and courts, under her purview, strive for a fair distribution of assets, allowing individuals to forge independent paths. In instances where both parties collaborate in the business, she adeptly explores solutions to make joint efforts viable.

In her approach, the business undergoes appraisal to ascertain its value, with each party presenting their respective valuations. Negotiations may yield a middle ground, or she may present the matter to a judge for resolution. Typically, a value is assigned to the business, and she ensures that other assets come into play to fulfill the obligations owed by the business owner to their former partner. Frequently, she establishes a payout schedule resembling a promissory note with collateral, ensuring the fulfillment of financial commitments. This method aligns with her customary approach in handling such intricate situations.