Where the value of a business is too uncertain or speculative, it is common for a Wells Order to be made and for both divorcing parties to retain an interest
In the past year we have seen an increase in the number of NDAs (non-disclosure agreements) we are being asked to sign before being provided with information to prepare a valuation report for matrimonial purposes.
Forensic team hosted a webinar for family lawyers regarding the impact of COVID-19 on matrimonial business valuations
We are often instructed to value businesses at dates in the past. The Courts are increasingly focused on determining the value of marital/non-marital assets
There are many complexities to Capital Gains Tax on divorce which can make a significant difference to how parties may decide to divide their assets
New guidance note focuses on the initial enquiry and instruction of an expert accountant, with the aim of ensuring that the parties involved get the greatest benefit from the instruction
One aspect of business valuations that are often difficult for parties to grasp is the sensitivity to the valuation date.
An asset tracing exercise can help the parties to a divorce to understand their expenditure.