When you are a business owner, divorce can prove absolutely devastating. Depending on the protections you set up to keep your business separate from your marital property, you may lose the business entirely in the property division portion of the divorce process.
The term “prenuptial agreement” doesn’t get many people excited. In planning for a wedding, thinking about the “what if” is borderline taboo. But, like most of life’s more important decisions, a proactive approach can simplify matters later and protect important property.
For most couples, marriage involves a lengthy process of creating a life together. While this process is often focused more on the future, it includes each person’s past as well. Once a couple decides to dissolve their union, separating their lives becomes an emotional and legal challenge.