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Less aggressive divorce strategies can be used by business owners

April 14, 2017

For some people in Westport and Greenwich, divorce means extremely bitter emotions, frustration and no hope of salvaging a cordial relationship. For others, however, the end of a marriage need not be so acrimonious, especially if a couple owns a business together. For these couples, if the work relationship still works, it may be wise to go through divorce mediation instead of heading to court.

Divorce is complex and each couple goes about it in very different ways. There are, however, a number of people who are unwilling to break up a business just because a marriage has ended. There are some people who are fine working together with their ex-spouses. Yet getting to that state is not always simple.

One of the most important things to do when considering working together after a divorce is to recognize that emotional issues, financial issues and legal issues are all separate. How a husband, for example, feels about his ex-wife dating so quickly after a divorce should have no impact on his ability to run a business. Moreover, it should have no bearing on a mediated divorce settlement. Separating all of these issues may allow former couples to continue working together.

It is also important to recognize that what is a relatively healthy work relationship now may not always be so healthy. Ex-spouses should create a mutually agreed upon exit from the business should the professional relationship also disintegrate. No one wants to be stuck with a share of a business that they can’t unload because an ex-spouse won’t let them move on.

Again, divorce is complex, but that doesn’t mean that it needs to be aggressive.

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