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Business Ownership and How Divorce Affects It

Business Ownership and How Divorce Affects ItAre you going through a divorce in Coral Gables? If so, you know there are several factors that have to be considered and discussed.

For example, if either person owns quite a bit of property or owns a business, they may have to consider whether or not their soon-to-be ex-spouse will receive half of these assets. In many cases, a pre- or postnuptial agreement can help to protect a person’s assets while they are married, and also protect the assets in the event that you get a divorce.

This situation is especially important when your personal business, and in many cases, livelihood are at stake.

Also Read: How to deal with Former Spouse After a Divorce

Expectations During a Divorce

There is no question that going through a divorce can be an extremely emotional and eye-opening experience. Regardless of how civilized you expect the negotiations to be when it comes to dividing your marital assets and property, hiring an aggressive divorce lawyer offers many benefits. For example, they can help to protect your assets and defend your rights.

Even in situations where it seems like you are going to end your marriage on somewhat good terms, when it gets down to it, you may find yourself having to fight in order to retain ownership of certain assets that are rightfully yours. One of these assets may be your family owned business you inherited or your personal business.

If you were to lose even a small portion of the business to your ex-spouse, it may wind up being devastating. Not only are you going to lose control over its operations, but you may also have to deal with a significant loss of income.

This is likely a situation you want to avoid at all costs. The best way to avoid this is by having a prenuptial agreement that outlines this fact. However, if you don’t have this document in place, perhaps because you never expected to get a divorce, you need the help of an attorney for your divorce in Coral Gables.

Obtain Legal Counsel

If you want to make sure that your spouse does not gain ownership of part of your business once you are divorced, regardless of if you started the business during or prior to the marriage, you need to hire an attorney. They can help you navigate the complex divorce process in Coral Gables and ensure that your rights are protected.

Business ownership and the division of assets is a subject that some lawyers have never encountered, so it is best to ensure the attorney you hire has prior experience with this type of situation. This can help ensure they can minimize the potential of your business being split and potentially dissolved altogether.

Don’t underestimate the benefits offered when you hire the right divorce attorney. They can help protect your rights and assets. To learn more or have your questions answered, contact The Estevez-Pazos Law Firm, P.A. today.

Contact us

The Estevez-Pazos Law Firm, P.A.
135 San Lorenzo Avenue, Suite 650
Coral Gables, Florida 33146

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