Divorcing with 2 Houses, 2 Cars, 2 Kids, Successful Business. What's going to happen to all them?

Question

Been married for over 25 years and we're planning on divorcing over adultery from my husband. We live in New York State.

We have a very successful family business which we both started and it's under both our names. Both our incomes are completely from our family business. We bought 2 houses, one is under my husband name and the second is under my name. We have 2 cars which were bought under his name and the insurance is under both our names. We have 2 kids in college which is being paid off the family business no finanical aid involved. What is going to happen with our properties and business? We don't want to sell either of the houses and the business is not an option. He doesn't want to be working in the business anymore but still wants his share of the money at the end of the week/month without even having to do the work for it. Both my kids work in the family business. How does this process work? What'll happen to all our properties that we paid for together?

Answer 1

I too will go with Maud  and say that at this point in your life it is stupid to split up.

You are going to destroy everything that you have achieved and your life will be more miserable than you have ever known.

But the saddest part of it all is that this is going to affect your kids who are innocent.

So behave like two grown ups and stick together, you know it's you against the world, if you split you are both going to sink and you aren't going to ever get it back as you'll lose the momentum.

Answer 2

Everything that the two of you have that was made or accumulated since the day you were married  will be split down the middle. 50-50. As far as the property that you do not want to sell you will both have to agree and one will have to buy the other out. I wouldn't worry if I were you, being a woman and he cheated you will clean his plow. My ex cheated on me and she still got everything she wanted. New York State may be different but in Texas they will break it off in a man's *** every time.  

Answer 3

divorcing with 2 houses ,2 cars ,2 kids,successful business.What is going to happen to all them ?

            answer= i read your miserable and sad letter,you have been married over 25 years,can you forgive him and save this marriage ,is he living with the other woman,god hates a divorce,divorce is a curse and can be very nasty,you both agree for a divorce,has he moved out of the house,both of you are going to lose.it is sad as both of you work hard for what you have got.if you have faith in god,pray.

                      all the best,take care,god bless.

                                wisdom.

Answer 4

You should consult this with a lawyer... it is the best way to figure things out and to see who gets what. As with the family business - I don't believe he should get his share when he isn't being a part of it... I just don't believe this is fair and I would talk to my lawyer about this.  

Answer 5

Method of determining this is complicated

unless you both can decide to do what is necessary without arguments.

I'd find out the value of the business and inventory as of today. A pro can do this, and alsop estimate long trerm income potential It will cost moola indeed..

I;d find out the probable selling Price of both houses as is Right now. Meanwhile, the truth is many sellers can't even sell now uynless the areas is greqt and house is elegant.

However, the houses do differ in value.  Cars also differ in value. Find out the blue book resale value Right now today.

Since hunny doesn;t want to do anything for the business, it is possible he can be

conviced that his liufetime  future  'salary " naserd oin actualray tables must be deducted from his 1/2 amount in the business. I really think selling the business is not NOT an option. The fact is one can;t foresee the exact lifetime value for you and him.  If you insist on keeping it, it can reorganized under a new title, with one of you keeping it, the other having to buy the other out. One of you might want that arrangement,. Certainly, he cannot no it work and collect his equal part, sop disobliging and rejoicing under a fitment name is the solution.  The houses are worth different an mounts in actual resale potential today SASE we speak, and same with the cars. All numbers have to be put on paper and divided up some equal or non equal way, depending on the agreement.

get to work,. If lawyers can get both of you to dissolve the business and reorganize it,. one of you will have dough while the other has the busies. if neither of you wants this, a judge will order the properties and businesses sold against your Will.

See what you two can agree on. Certainly, he cannot expect top have dough each week as a salaried employee if he is not working,. If he insists on this, tell him this will go before a judge and all Will be  sold against both your wills.

Answer 6

. The rest may be divided amongst you two however you two are willing to work it out but these things could be ordered sold to satisfy all marital bills and the rmaining will be split evenly between you both. The business could entail one buying out the other or any other way it can be worked out. Your best bet would be to settle all this outside the courtroom without the Judges intereference. You two will learn the fine art of compromising here and some good ole fashion horse trading, so decide what you want, and what you have youre willing to trade to get what you want and dont have

Answer 7

Get a good lawyer that will fight for what is rightfully yours.