My wife and I are thinking a divorce might be the best option for everyone long term.
We've been married 7 years and I've been paying her a really good annual income (salary+dividends) during this time and I've been paying for all expenses, so she doesn't feel she's lost anything financially, in fact she's gain a lot, as she's got a lot of savings during this period when she didn't have any before.
As such, we're discussing how to split assets and she's happy for me to keep 100% of the company and don't split the assets in the company (eg, the cash in it). At present she's a 50% shareholder, so I'd have to talk to my accountant and having her removed from the company (I guess like a gift between spouses which is how I gave her the shares years ago in the 1st place).
My doubt is, if we complete the paperwork and the Consent Order where we agree that I can keep the company and no split needs to be done there. Would it be possible for a judge to turn it down and say that even if my wife and I have agreed to not touch the company assets, I make me split the assets in the company and give her half? or would they be happy with our decisions regarding the company assets?
Has anyone been in a similar situation?
Thanks
We've been married 7 years and I've been paying her a really good annual income (salary+dividends) during this time and I've been paying for all expenses, so she doesn't feel she's lost anything financially, in fact she's gain a lot, as she's got a lot of savings during this period when she didn't have any before.
As such, we're discussing how to split assets and she's happy for me to keep 100% of the company and don't split the assets in the company (eg, the cash in it). At present she's a 50% shareholder, so I'd have to talk to my accountant and having her removed from the company (I guess like a gift between spouses which is how I gave her the shares years ago in the 1st place).
My doubt is, if we complete the paperwork and the Consent Order where we agree that I can keep the company and no split needs to be done there. Would it be possible for a judge to turn it down and say that even if my wife and I have agreed to not touch the company assets, I make me split the assets in the company and give her half? or would they be happy with our decisions regarding the company assets?
Has anyone been in a similar situation?
Thanks
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