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Wheaton asset division attorneyIf you own a business or professional practice, chances are that is one of your most valuable assets. It takes endless work and a lot of dedication to grow a business and have it become successful. The last thing you want is to have half of it taken away when you get a divorce. Everything you and your spouse have together must be divided before you can finalize your divorce -- and that can include businesses and professional practices. Do not worry -- there are things you can do to make sure your business remains in your possession. Here are five ways you can protect your business during your divorce:

1. Get a Fair Valuation

The first step you should take before you begin dividing up your assets is to get a valuation of your business, so you know what it is worth. Instead of estimating what your business is worth, you may opt to use a court-appointed evaluator who will look at multiple facets of your business to arrive at a valuation. Such aspects include your business records, the business’ goodwill, and business competition. Then, you can hire an outside professional to review the numbers just to make sure everything is square.

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Posted on in Divorce

Wheaton divorce lawyerAny public activity is potential evidence in court proceedings, including your social media activity. Anything you choose to share or post can become a legally admitted court document in any court case, including your divorce. Although your short rant about your soon-to-be ex-spouse was temporarily stress-relieving -- not to mention the complete validation you felt when your friends and family members supported you through likes, loves, and comments -- you are less likely to experience the same satisfaction when it comes back to haunt you in the courtroom.

Try These Tips at Home

It is ill-advised to avoid social media entirely. Not only is social media an excellent way to grow and maintain the ever-important support system, but it is also a free source of unlimited information. Be on the lookout for posts regarding you or your ex’s behavior, and enlist a trusted friend or family member to help. Immediately address anything that could be potentially damaging to your case. Simultaneously, anything that could help should be brought to the attention of your attorney immediately. Here are some ways you should use social media to your advantage:

  • Watch what your friends and family say about you;
  • Make yourself look good by boosting your personality and good deeds;
  • Grow your emotional support team;
  • Post with caution; and
  • Gather information in your favor.

Avoid These Damaging Behaviors

First and foremost, whatever you do decide to post, leave it be. If you are caught deleting photos -- even if you later decide you did not like the way you look --  it can be depicted as removing evidence, an offense which can result in hefty fines for both you and your attorney. Not only that, but judges often assume that you are actively hiding negative details about yourself. Their assumption is legal and is known as adverse inference. Therefore, if there are pictures and messages, leave them there, but be extremely cautious about what you post. It is best to avoid these shares:

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