Dividing marital assets, whether separate property or co-mingled, courts continue to have discretion when assigning value to the assets fairly easy. However, when dealing with a family business, the valuation process is complex and requires careful consideration and not so easily valued. Many businesses are not large enough to have a well-defined market value, determining how to divide the asset becomes contentious during a divorces. As a result, many divorce attorneys dealing with high-networth divorce cases hire experts to assist in valuing a clients businesses, testifying to the court on how the resolve of the business value was summarized. 

If you are going to attempt to value a business yourself, it is important to understand the valuation process: The laws that apply, the taxes and other critical yet uncommon considerations that determine a credible valuation.