CALIFORNIA FAMILY LAW
...Business Interests
......Division of Business Interests
.........Award to Operating Spouse by Request
7 Cards On This Topic:
  • Award of high risk assets to spouse better able to afford risk affirmed.
  • Stock in closely held corporation may be awarded to operator spouse despite request by other spouse to divide in-kind.
  • Coin laundry business properly awarded to spouse best able to operate.
  • Court may permit spouses who jointly operated business to compete with each other using similar name.
  • Court may award business to party with technical expertise to run it.
  • Use of voting trust in division of closely held corporation approved.
  • Professional practices must be awarded to licensed professional.