Getting a divorce in Washington State? Do you have a good career and a stay-at-home spouse? Are you a business owner?
Interesting challenges are presented when two people divorce and the court has to place a value on an item that is basically intangible – i.e. something you can’t touch.
The two most common issues that arise around valuing intangible assets are when the parties own a business or when one party sacrifices his or her career so the other party could increase his or her income.
These are important and complex assets to value and definitely require legal advice before a marriage or during a divorce. Don’t make the mistake of trying to put a dollar figure on your career or your business – or a jointly owned business – without an experienced attorney.