Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Question:

I own 25% of my family business. It is written into the company bylaws that no spouse in the instance of divorce will have any interest in the company.

Can my ex-wife still be awarded a portion of the business? Do state divorce laws overrule the company bylaws?

Question:

Since the time my child support payments were calculated, I have lost my small business, most of my income, and my ex-wife has gotten a job, which she didn't have at the time of the divorce.

I am now being threatened with jail time because I can no longer afford paying child support.

Can I get child support modified given my drop in income and the fact that my ex-wife is now working?

Question:

My divorce question is about the determination of alimony when someone is nearing retirement.

I sold my small business a few months ago that resulted in a much larger than average income for this past year. I'm intending to retire off of that sale.

My income going forward will likely be minimal, so how is alimony determined given that I am about to retire off profits I made through my business?

Question:

Per our divorce property division agreement, my wife was to receive all the proceeds from the sale of the marital home while I retained my entire stake in my small business.

Because of the economy we made no money on the sale of the marital home, thus she received no income from the sale.

Now she claims she can force me to pay her half of the value of my small business to make up for her not receiving proceeds from the sale.

Can she do this?

Financial adviser Dan Danford offers his financial tips for someone considering starting a small business in this edition of Money Made Easy.

Danford, CFP®, CRSP®, MBA, of Family Investment Center, answers this question from a viewer: "I have a great idea and am excited about getting started, but I'm very nervous about all the start-up costs and having enough money to last until I can turn a profit. Any financial advice for small business owners?"