How to Protect Your Business in a Divorce
The Next Hint had a good recent article on the subject of protecting your business in the event of a divorce. A Prenuptial Agreement was on of a number of suggestions. From the article -
“Before you get married, sign a prenup.
Oftentimes, people get married too young and don’t sign any prenuptial agreements. This is a big problem because some spouses end up building million-dollar businesses over the course of the marriage, and could end up losing it all or half of it during a messy divorce. A prenuptial agreement is signed before your marriage. It states what will happen to your assets in the event of a divorce including property rights and the rights to any future or current businesses. It’s important that your prenup is handled by an attorney. The document is written up and signed before your wedding day.”
The full article is here.
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