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Q: I am in the middle of a divorce. My wife is a partner in a small engineering firm, and I am an elementary school teacher. She earns about twice what I do. I know that her interest in the engineering firm is worth something, as the firm owns an office building and lots of equipment. How can I determine what the business is worth for purposes of property settlement?

March 19th, 2018

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A: You are correct that most businesses have a value for purposes of property settlement. It can be difficult to place a value on a personal service businesses such as an engi… Read More

Categories: Divorce, Divorce Attorney, Spousal Support

Tags: business valuation, business valuation specialist, Michigan divorce, property settlement

About Tom Kates

Thomas C. Kates

I have been a practicing attorney in West Michigan including Ottawa, Allegan, Kent and Muskegon Counties for over 25 years. My office is located in beautiful downtown Holland, Michigan and I serve clients in Holland, Grand Haven, Allegan, and all of Ottawa and Allegan Counties. I specialize in the vital practice areas of family law including divorce, child custody, support, parenting time and paternity. I earned a Juris Doctor degree in 1989 from Wayne State University Law School where I served… Read More

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