How to account for a business owned by your spouse in a divorce

Business ownership during a divorce is complicated issue in Oregon, because it can be evaluated in several different ways. The business can be seen a cash item where one person can buy it from the other, for example. On the other hand, the business can also be left in-tact and the income can be used in multiple ways related to the divorce, such as spousal support. In this video, Litigation Director Will M. Jones notes these complexities related to a business owned by one or both spouses in a divorce and how the couple can view and leverage this asset to their benefit.