Typically, things like prenuptual agreements are way out of my realm but an article from the Baltimore Sun published in Sunday’s Seattle Times struck me as something my business clients might want to keep in mind as they tie the knot. Prenuptual agreements first help the couple to understand the other’s assets and liabilities and to discuss finances prior to commingling their assets. It also, of course, helps determine how things will be split if the marriage breaks up. Business owners may want to consider a prenuptual agreement to ensure their business is not broken up or dissolved in the case of divorce. It’s certainly not a popular topic among the betrothed but will protect your business in the case that the unexpected happens.
Author: Michelle Bomberger, Bellevue Business Attorney