posted in Divorce
on Tuesday, April 17, 2012.
Couples living in Stamford, Connecticut, considering the possibility of getting married should be prepared. Divorce happens to couples throughout the country, and many business owners have been filled with regret due to their unwillingness to separate their business assets from their marriage.
This can be done with a single document, but it can be extremely hard for a person to bring the topic up to his or her future spouse. The prenuptial agreement allows a couple to designate certain assets as off-limits during a divorce. This simple step can allow a spouse to save a considerable amount of wealth from the possibility of being severed during a divorce.
Many people have trouble addressing this topic. When one person is wealthier than the other, the option should be explored and considered.
Experts suggest that, during a divorce, both spouses should do their best to be honest and remain calm. Emotions often run high during divorce proceedings. If control is lost, the divorce may derail and become drawn out. When this occurs, it often costs more for all parties involved, both financially and emotionally.
Some suggest that one of the main goals of a divorce should be to remain civil. With this in mind, try to behave in a mature manner. As mentioned before, this means staying truthful and keeping your emotions out of the fray. By remaining civil and telling your spouse about your concerns — especially in regards to your business or major assets — the division of assets may work itself out.
With a prenuptial agreement, many of these concerns do not exist, because the agreement has already been laid out. A divorce settlement reached in court without a prenuptial agreement could leave a business owner owing so much to the other spouse that it could become impossible for the business to remain open.