Will I have to split my earnings with my husband following our divorce?
I own my own business and make most of the money in our household. I am married but it’s very rocky. In the event of a divorce, can my husband attempt to acquire the funds I work hard for? I do pay more bills than he does.
If you own your own business your husband may seek to have the business valued in order to get a buyout of his marital equity. This is costly and it is difficult to prove the value of a business. Depending on the type of business you have, you may have what is called “personal goodwill” which is non-marital property and not subject to division by a Court.
Consult an experienced attorney on how best to move forward to protect your assets.