What is the name of your state (only U.S. law)? Michigan
My parents started their own business in 1985. They divorced in 1999. The agreement stated that my mom was to get a certian percent of the "proceeds" once the business sold. It is now selling for what is owed on it. My father will not make a profit. Does my mother have any legal claim to any money in this transaction? He will profit from the sale of the PROPERTY but it is under another business name. Does she have access to that money?
Thanks for your time
My parents started their own business in 1985. They divorced in 1999. The agreement stated that my mom was to get a certian percent of the "proceeds" once the business sold. It is now selling for what is owed on it. My father will not make a profit. Does my mother have any legal claim to any money in this transaction? He will profit from the sale of the PROPERTY but it is under another business name. Does she have access to that money?
Thanks for your time