A prenuptial or postnuptial agreement can save your business. Consider two dry cleaners, Ricky and Fred. Both thought they would be married to their wives until “death do they part.” Unfortunately, they both ended up divorced. Ricky walked out of divorce court personally and professionally ruined. Fred, while emotionally drained, was able to maintain and…
As a prenup lawyer, I’ve had the privilege of representing many small business owners. Restaurant owners are my hands down favorite because restaurants are held together by hearts and souls. Restaurants bear witness to friendship, love, and celebration: young couples on first dates, families celebrating birthdays, the neighborhood baseball team grabbing a bite after a…
You may think your marriage will last forever. But do you have the same faith in your business partner’s marriage? If your partner’s divorce gets ugly, it can cost your business money and cause the disclosure of confidential business information. At a minimum, if your partner owns thirty percent or more of the company, he…
A divorce can wreak havoc on your privately held business. Corporate control issues, valuation, and individual income issues can force you to expend precious time and money protecting your company’s confidential information and other interests. Even after a short marriage, divorce can cause your company to disclose almost everything. Think you’ll be married forever? Great….
Florida law dictates how property is divided in a divorce…unless you have a prenuptial (“prenup”) or postnuptial (“postnup”) agreement in place. However, a prenup or postnup is not ironclad – not unless you strictly follow the legal rules that determine whether a prenup or postnup will be effective when you need it. The words on…
In “food for thought” news, a study based at Cal State University shows that single people who reunite later in life with their first loves have a 70% likelihood of staying together for good. Rutgers anthropologist Helen Fisher commented on the study that if you reconnect with a lost love after years, “you can trigger that…
A prenuptial agreement (or postnuptial agreement, otherwise known as a “prenup” or a “postnup”) can help you to mitigate the financial strain of an expensive divorce on your personal and business assets. In this regard, a prenup or postnup is an essential part of your basic business planning as much as planning for retirement or potential disability. What’s more,…
If you are using a postnuptial or prenuptial agreement as part of your estate planning, be sure to audit every component of your assets before your marriage or remarriage. Failure to identify certain assets can cause financial frictions in your family later. While your primary assets are easily identified and addressed in your estate planning,…
If you’re considering getting married in Florida, learning about prenuptial agreements can help you prepare properly. A prenup can help protect your assets in the event of a divorce, and it’s important to have one that’s valid and enforceable under Florida law. In this article, we’ll discuss everything you need to know about signing a…
Under Florida law, there is no such thing as a legal separation, in which couples choose to live apart from each other to see where they truly stand in regard to remaining married. Florida is an outlier compared to most other U.S. states that recognize legal separation. Only five other states do not recognize legal…
