Entries by Pence Law Firm PLLC

The Impact of Divorce on IPO Plans in West Virginia

When a company plans to go public through an Initial Public Offering, this major event can significantly boost its growth and visibility. But personal life events, like a divorce in West Virginia, can introduce unexpected complications. While it might seem like a business IPO and a divorce are unrelated, the truth is they can intersect, […]

Navigating Offshore Accounts in High Net Worth Divorces

Divorce involving high net worth offshore accounts and assets can get complicated very quickly, especially when offshore accounts are part of the picture. Offshore accounts are simply bank accounts located outside your home country. They are legal, but they add extra layers of complexity to divorce cases. They are often harder to hide than domestic […]

Valuation of Art and Collectibles in High Asset Divorce Settlements

In high-asset divorce cases, splitting up a collection of art and valuables built up over years or decades can be time-consuming and challenging. These items often have both monetary value and deep personal significance, setting them apart from assets often divided in other divorces. Determining their worth is not as straightforward as it is for […]

Dividing Cryptocurrency Portfolios in High-Asset Divorce Cases

As digital currencies like Bitcoin and Ethereum gain popularity and dominate the headlines, they are also starting to become part of more high-asset divorce cases. It’s crucial to understand how these digital assets are handled, whether you have minimal understanding of cryptocurrency or you are the spouse who dabbles in trading. Let’s talk about your […]

How is an LLC Split in a High-Asset Divorce?

In the context of a high-asset divorce, handling the division of business interests such as an LLC can be tricky. An LLC, or a Limited Liability Company, provides liability protection and tax benefits, making it a popular choice for business owners. When a couple jointly owns an LLC or one spouse is the primary owner, […]

How Do I Find a Hidden Bank Account During a West Virginia Divorce?

Divorce is incredibly challenging, both emotionally and financially. One of the concerns that may arise during this process is the risk of hidden bank accounts. In West Virginia, as in many states, it’s essential to have a clear understanding of all financial assets (including potentially hidden bank accounts) to ensure a fair division of property. […]

Protecting Family Businesses During a West Virginia Divorce

Divorce is a challenging process, especially when a family business is part of the equation. It’s essential to recognize that a family business often holds more than just financial value; it can symbolize years of dedication and effort. Understanding how divorce can affect your business will help you take the necessary steps to protect it. […]

Dividing Digital Assets in a High-Asset Divorce

Digital assets can be as simple as music libraries and e-books or as complex as cryptocurrency portfolios and online businesses. Social media accounts, domain names, and any online storage of personal data also fall under this category. These assets can hold significant financial or sentimental value, so it’s crucial to know what they are and […]