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Can I protect my business during family law issues?

Surprises during asset division are never fun, especially for Georgia business owners. Protecting business interests during family law issues is important, and most people can accomplish this by being proactive. This usually involves a prenuptial agreement, although in some cases a postnuptial might also work. 

Take for example a woman who started a business after tying the knot. Although her husband expressed no interest in the venture, he learned of how valuable the business was during their divorce and insisted that he should receive half. The story is not so uncommon. Even CrossFit's co-founder Lauren Jenai faced a similar issue during her divorce, only in her case she ended up having to sell her share to her ex-husband as part of their settlement. 

Rather than sacrifice half or even everything a person has worked to build, business owners can clearly define their separate property in a prenuptial agreement. By signing before saying "I do," couples can clarify potential future questions regarding property division at a time when their relationship is still amicable. If they end up divorcing then this issue is already addressed, and if they stay married then no harm done. Postnuptial agreements -- signed after the couple has already married -- can also perform many of the same functions. 

Dividing marital property is an important part of divorce that cannot be overlooked by Georgia couples. However, it is easy to let emotions run the show during family law issues. Pre and postnuptial agreements can ensure that both parties end up with an agreeable portion of marital property and that separate assets -- including businesses -- stay that way. 

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