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Schaumburg prenup lawyer

It is never a bad thing to plan for the worst-case scenarios in life, including what will happen if your marriage ends in divorce. Planning with your significant other for issues like the division of marital assets while you are on good terms is better than arguing about them during a contentious divorce process. Having a plan in case of divorce may seem like a negative way to start a marriage, but it can give peace of mind no matter what happens after tying the knot. 

Getting married affects all aspects of your life, including finances, social life, inheritances, and more. Meeting with an experienced family law attorney to create a legal agreement in case the marriage fails can benefit both parties in the long run. 

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Hoffman Estates divorce lawyer, family-owned business, divorce process, postnuptial agreement, divorce and financesWhen a couple ends their marriage in divorce, the process of separating their lives from each other can be a lengthy, difficult process. Determining how to divide physical property, financial assets, and debts can be a complex matter, and when one or both spouses own a business, this process can become even more complicated.

Spouses who are business owners often have many of their mutual financial assets tied up in the business, making it difficult to divide these assets while keeping the business intact. Taking the following measures can help you ensure that your family-owned business will survive your divorce and that you will be able to maintain financial stability:

  • Consider a prenuptial or postnuptial agreement - If you owned a business prior to your marriage, a prenuptial agreement can specify that you will retain ownership in the case of divorce. For a business that was formed after your marriage, a postnuptial agreement can define how ownership will be handled after divorce.

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