Your Spouse’s Corporate Finances Are Your Business If You Divorce

Some couples keep the peace in their marriage by agreeing, implicitly or explicitly, to stay out of each other’s business about contentious issues, especially those related to money. For example, they might each deposit part of their income into a joint bank account for household bills, while also retaining their respective bank accounts, so that she can’t get in his business about how much he spends on sports betting and he can’t get on her case about how much she spends on psychics. They might even preserve their marital harmony by curating the details they tell each other about their work; praise from supervisors, yes, work spouse drama, no. It is especially advisable not to nag your spouse too much about business finances if your spouse is an entrepreneur; it can sound like you are questioning whether your spouse’s professional activities truly count as work. If you and your spouse get divorced, though, all the financial details must come out in the wash. The court cannot finalize your divorce until both parties have provided detailed and accurate financial disclosures about their income, expenses, and separate and marital assets and debts. If you are going through a divorce after a marriage during which you and your spouse did not discuss business finances, contact a Boca Raton divorce lawyer.

Wife Asks Divorce Court to Subpoena Financial Records of Shopping Center Owned by Estranged Husband

No matter how simple or complicated your divorce case, you must disclose the value of all your separate and marital property and the outstanding balances on all your separate and marital debts to the court before your divorce can become final. The task might be as easy as logging into your bank account and reading the most recent statements for your credit card and mortgage loan, or it might require months of weekly meetings with your accountant. What determines the complexity of the task is not your net worth, but rather how quickly the value of your assets and the debts that encumber them fluctuate. Determining the value of a business or a stock portfolio at the time that the parties filed the divorce petition can be a contentious issue, even though case law has settled the matter that the number that the court counts when determining equitable distribution is the value of the assets at the time of divorce filing, not their value when the divorce becomes final.

Commercial real estate, namely a shopping center in Miami, was the most contested issue in a wealthy couple’s divorce. The wife believed that the husband was concealing assets and underestimating the value of the shopping center properties, and therefore she asked the court to subpoena the relevant financial records.

Contact Schwartz | White About Dividing Business Assets in Divorce

A South Florida family law attorney can help you if your marital property includes commercial real estate properties, and you and your spouse disagree about their value.  Contact Schwartz | White in Boca Raton, Florida about your case.

Source:

therealdeal.com/miami/2026/01/13/bal-harbour-shops-co-owner-in-nasty-divorce-battle/