Hi, thanks for your answer. Can you though clarify a few points.
- My wife works as an admin and book keeper for the business on part time basis as she does a college degree on a full time basis.
How likely she could be successful with the claim that her contributions to the business in a couple of years (business is running for 7 years) time are substantial enough to gt a share of it during the divorce?
- If the worst comes to the worst, in terms of company valuation, is it's Net Worth based on the actual Assets and Liability that would be taken into account? What about the hypothetical value if the business is sold?
- Regarding the cash dividend that I paid out to myself earlier in a year are being used for mutual things like holidays, etc. Also, I might decide to pay back the business loan I had from a friend earlier.
If it came to the divorce some time in the future, I'm assuming only the remaining amount, if any left, would be treated as marital asset?
- What in that case about any cash savings in my personal account, are they all treated as marital assets, no matter of the source of that income?