Without a prenup, your business will be considered business community property. Protecting your business in case of a divorce takes planning and an honest conversation with your future spouse. A prenup is the best way to protect your business.
Whether or not you should include your business in your prenup is not an easy question to answer. it may be important to include it if the company struggles financially, you have business partners, or you want to protect your business in case you get a divorce.
Prenuptial agreements exist to protect both parties in the event of a divorce. Is it possible to get out of a prenup? And if so, under what circumstances?
As you begin to plan your wedding and consider if you should sign a prenup, we look at some reasons you may need to consider adding one to your plans.
By incorporating a prenuptial agreement in your wedding plans, you strengthen the marriage with honest communication about the realities of marriage.
If your fiancé asks for a prenup remember that a prenup is actually a common-sense tool that is part of an overall plan for a successful marriage.
Understanding the purpose of a prenup is critical to having a productive conversation about getting one. Make sure you know what it is and what it does.
Planning how to bring up a prenuptial agreement is no easy task. After all, no one really wants to think about the possibility that their upcoming marriage will someday fall apart.