Determining whether an asset is actually a marital asset is sometimes a complicated matter — just ask a Florida couple who spent seven years arguing in court over several real estate properties. In the case of the couple, they had even taken precautions to avoid such disputes and created a prenuptial agreement when they married some 30 years ago.
Can I protect my business from divorce without a prenup?
Many high-asset divorces are complicated, but few are as difficult to navigate as those that involve a business that may be considered marital property. If you are facing a divorce and have concerns about how to protect your business in the settlement negotiations, you need to make some very difficult choices and take action immediately.
How can a prenuptial agreement protect my business?
There are many reasons to consider a prenuptial agreement, but if anyone should absolutely not enter into marriage without legal protection, it's a business owner. Depending on a number of factors, your business may be treated as a standard marital asset in the event of your divorce, which could make it exceptionally difficult to keep the business intact though a divorce settlement negotiation.
There are many divorce lawyers in Florida: How to choose the best
No two marriages are the same. Most Florida couples wed assuming their unions will last their lifetimes. Studies show, however, many will end in divorce. The decision to divorce often leads to complicated challenges regarding issues including, but not limited to, child custody, finances, business and estate planning. Someone navigating the family law system will obviously want to protect his or her personal rights and interests. This is often easier when outside support is available.
High asset divorce case coming to a close after 10 years
When couples with significant assets divorce, it must be handled very carefully. The greater marital assets are within a marriage the greater the potential conflicts, which can lead to expensive, protracted legal warfare between spouses. Just such a legal disaster finally looks like it coming to a close after more than a decade since the divorce was officially filed. The divorce in question involves a business fortune that was partially used to found several world-renowned cancer treatment centers.
