Dividing marital assets can be a long, complicated process, especially if a divorce case involves a private business interest. Failure to hire a business valuation professional — whether to try to save money or time — can prove disastrous in court. Complex valuation matters Business valuators can provide answers to five critical financial questions in a divorce: 1. How much is my business interest worth? There are three ways to value a business: the cost, market and income approaches. All these techniques start with the company’s financial statements. But discovery shouldn’t stop there, particularly for spouses not involved in day-to-day business operations. Valuation experts should be given equal access to financial records and opportunities to tour the company’s facilities and interview management. Inadequate discovery can cause an expert...