Addressing Business Interests
If you or your spouse owns a business, it can be tricky to figure out how it will be handled during a divorce. However, a prenup can be extremely helpful in this scenario. Your agreement can specify which spouse will retain control of the business, or how it will be valued and divided if you decide to sell it. This can save you a lot of headaches and legal fees down the line.
Providing peace of mind
Finally, it’s worth noting that a prenup can simply provide peace of mind in the event of a divorce. Nobody wants to think about the possibility of a marriage ending, but it’s a reality for many couples. Having a prenup in place can ensure that both of you are protected and have a clear plan in the event of a worst-case scenario.
Remember that a prenup isn’t foolproof. There are certain scenarios where a prenup may not hold up in court, so it’s important to talk to a legal expert who can help guide you through the process.
Additionally, it’s a good idea to work with a financial advisor who can help you understand the potential impact of a prenup on your finances and investments.
Work with us
If you have more questions about divorce, our team is here to help you every step of the way. At Purposeful Wealth Advisors, we work closely with divorce attorneys, accountants, and other dedicated professionals to arrive at comprehensive solutions for our clients.
Contact us today to know more!
Opinions expressed are those of the author and are not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
