Ask for a prenuptial agreement without angering your partner

As you approach your wedding day, you may contemplate the many steps you can take to protect your future. For example, a prenuptial agreement can go a long way in protecting both individuals’ assets in the event of a divorce. While there are many benefits to creating a prenuptial agreement, doing so can be a challenge. Your future spouse may not necessarily be on the same page as you are regarding the necessity of drafting a prenup. Here are some tips you can follow when asking for a prenuptial agreement without angering your partner: Never issue demands. When you tell your partner to sign a prenuptial agreement, as opposed to asking him or her, you’re entering dangerous territory. The person may feel threatened, which could result in them “shutting down” and not wanting to discuss the matter any further. Talk about your fears. If you’re going to ask for a … Continue reading Ask for a prenuptial agreement without angering your partner

Can you run the family business together after divorce?

Some people in Birmingham support their families by running their own businesses. It’s a great way for families to seek financial independence, but it can quickly become complicated if a marriage fails. If you are considering divorce and started a business during your marriage with your spouse, there are likely going to be complications. Unless you have a prenuptial agreement or have taken special steps to protect your company, your ex could receive half of the company in the divorce. If you don’t think you will be able to continue operating the business together without issue after you divorce, you may need to start planning now. Take proactive steps while building your business Ideally, you and your spouse would agree on risk management practices that reduce the potential impact of a divorce on the business itself. Implementing these during the business formation process is usually the best option. After all, … Continue reading Can you run the family business together after divorce?