When Family Business Owners Get Divorced

Karen S. Piershalski, ASA |
My Business
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Valuation is key to the equitable distribution of your business. The inclusion of a family business in your divorce proceedings can make things a bit more complicated.Selling the family business and splitting the assets, or one spouse buying out the other, are two options to consider.When a buyout is involved, it requires a business appraisal as well as a strategy to fund the buyout.Navigating the emotional and financial challenges of a divorce can be daunting enough.

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Planning for Higher Education in Divorce

Jerry Inglet, Ed.D |
Wealth Planning
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Don’t let college planning become an afterthought during the difficult time of divorce.Divorce is an emotionally charged life event that may cause many to leave college planning as an afterthought.High-net-worth families are not immune from the challenges of funding college and completing financial aid forms properly.A quality practice for high-net-worth families is the completion of a divorce decree or property settlement agreement that includes understandable terms of college costs.

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How to Build Credit After Divorce

Anne Kelligrew St.Clair, CIMA |
Wealth Planning
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Build credit and gain the confidence and direction you need to succeed in your new life. Realizing your credit record and score isn’t quite what it was when you were one-half of a married couple can be very distressing.Even if you received a lump sum settlement, you may still need to show prospective lenders that you are a reliable borrower.There are simple ways on how to build credit after divorce and keep from making the kind of missteps that can be hazardous to your wealth.

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