Protecting Your Business During Divorce
Individuals who own their own businesses tend to take a great deal of pride in them and to invest countless hours in their growth. Unfortunately, your ex-spouse could take a share in a divorce. As any family lawyer will advise you, getting a prenuptial agreement prior to the marriage is the best way to protect your business in the event of a future divorce. A family attorney located in Wichita can draft an ironclad prenuptial agreement, which can specify that your business and all of its assets are not to be considered shared marital property.
In the event that you’re already married and you did not consult a family lawyer to draft a prenuptial agreement, you do still have options for protecting your business during a divorce. Contact a family law expert with experience drafting postnuptial agreements. These documents are much like prenuptial agreements, except that they are entered into after marriage. The courts do not give postnuptial agreements as much weight as prenups; however, having one can improve your chances of retaining the assets of your business.