How effective are pre-nuptial agreements?
Pre-nuptial agreements will not prevent the causes and effects of divorce – but they can help to minimize some of the legal haggling associated with divorce. However, many business families generally fail to take advantage of the pre-nuptial agreement as a divorce strategy. “Over the past 12-15 years, I doubt I have met a single family business owner who has not heard about the importance of a pre-nuptial agreement – something for themselves or more often, something for their kids. Very few actually use a pre-nuptial agreement, not because they think it is a bad divorce strategy, but because they do not know how to have “that” conversation, prior to a marriage,” said Schwerzler. It is generally recognized that a couple can have an “easy” divorce when there are no children involved and there are not a lot of assets involved. – starter marriages that go bad. But that is not the case if the couple getting the divorce are also business partners. When that is the case, the divorce can becom
