Prenuptial Agreements in North Carolina
Prenuptial Agreements for Triangle Business Owners
Prenuptial Agreement Attorneys for Business Owners in North Carolina
As a business owner, you’ve dedicated time, capital, and passion into building your enterprise. Marriage introduces legal considerations that could impact your business assets. At Anderson Legal, we understand the importance of safeguarding what you’ve worked so hard to create. Our team is here to assist you in drafting comprehensive prenuptial agreements tailored specifically for North Carolina business owners, ensuring the protection for your family, business interests, assets, and future prosperity.
What is a Prenuptial Agreement?
A prenup is a written contract between two people who are about to get married that outlines how to handle assets, debts, and other financial matters if the marriage ends by divorce or death.
What does a Prenup cover?
- Division of assets: How to divide property, bank accounts, investments, and other assets.
- Debts: How to handle debts incurred before or during the marriage.
- Alimony (spousal support): Whether one spouse will receive financial support from the other in the event of divorce.
- Inheritances and gifts: How to handle inheritances or gifts received by either spouse during the marriage.
- Business interests: How to handle business ownership or interests.
Additional Benefits for Business Owners
Protects Your Business: Defines clear expectations for what should happen to the business upon divorce or death, including who will inherit the business. In the event of divorce, it can also ensure the business remains the sole property of the spouse who created the business.
Defines Assets: Prior to the prenup business assets will be clearly defined, including estimated value at the time the prenuptial agreement is drawn up.
Protects Your Spouse: A prenup can protect your spouse from owing debt accumulated by the business. Alternatively, it also protects the business from non-business debts owed by your spouse.
Defines Spousal Support: A prenup may reduce the amount of alimony payments required by settling upon an agreed amount ahead of time. This value may be defined as a percentage instead of a dollar amount allowing the payment to scale as a result of the business success or failure.
What is the process for creating a Prenuptial Agreement?
- Hire a qualified attorney. Each spouse should have their own attorney knowledgeable in business and family law. Anderson Legal can help you navigate all the action items needed for a well-defined prenuptial agreement.
- Discuss all items with your potential spouse. Having an honest conversation and agreeing on terms together will provide the best outcome possible in the event the marriage dissolves.
- Draft and Sign the Prenup: Your attorney will draft the documents with your decisions and both parties will sign.
- Update Your Prenup: It’s important to update your agreement as your family grows or business needs change.
Don’t wait to protect your assets and safeguard your family and your future. Contact our team to get started.
