Articles from the Property Division Category

Order to Sell Company Upheld

Order to Sell Company Upheld   Husband and Wife signed a Postnuptial Agreement (PNA) that converted Husband’s separate property company to community property and gave each of them 50% interest in the company. The PNA included provisions for valuation and a 50/50 division of their assets if they got divorced. If they could not agree on the value of an asset, they would each have it appraised. If the 2 appraisals were within 10% of each other, the 2 appraisal values would be averaged. If the appraisals were more than 10% apart, then the 2 appraisers would choose a 3rd…Read More