Own A Business? Here’s What To Consider Before Walking Down The Aisle
Forbes had a good recent article targeted to business owners considering marriage. From the article -
A prenuptial agreement, or prenup, gives you an opportunity to set forth directives of how your business would be handled in the event of divorce. Your lawyer can help you determine what needs to be in this document; here are a few points to consider:
Will the company you established prior to marriage be subject to marital distribution upon divorce, or will it remain your separate property (not subject to division)?
Will your spouse share in any appreciation (or depreciation) of your business once you’re married? If yes, what percentage of the value accumulated during the marriage will apply?
What is the premarital value of the business? Establishing its value today will be essential as a court determines premarital versus marital value.
Will any marital funds be used as capital in the business?
The full article is here.
Want to talk about a Maryland Postnuptial or Prenuptial Agreement? Contact us today.
