If one or both people who are getting married in California own a business, there are steps that can be taken to protect that business in case of divorce. One approach is a prenuptial agreement. If the couple is already married, they can create a postnup. This agreement might establish the company as a separate asset that will not be part of the process of property division in divorce. The agreement could specify whether the spouse will receive a part of the value of the business and how that value will be calculated. If the two are co-owners, they might want to continue running the business after a divorce or one may sell to the other.
Parents in California who have to go to a child custody hearing for the first time may be understandably nervous. However, there are some steps they can take to prepare for the hearing, present an effective case and possibly obtain the child custody terms that they desire.
California residents understand how challenging divorce can be. There is a reason why divorce is often described using metaphors of war: negotiations, conflicts, battles, winners, losers, collateral damage, etc. There is an added volatility to divorce because the two individuals who are now at odds with each other were once in love to the point of getting married, joining their finances and even having children.
Married couples in California and elsewhere around the world have to work hard in order to make their relationships work, and, fortunately, they have been more successful over the past few years as divorce rates have been declining. Nevertheless, some couples still decide to break their vows and end a union that was supposed to last a lifetime. Ergo, these same couples might have benefited greatly from learning about the top reasons that lead to divorce as well as what they could have done about them.
Information is key during a divorce. Because of this, there are a variety of documents and other types of information you will need to gather before and during the divorce process. Not only will this make the process easier, but it will help ensure that you get what you deserve out of your divorce.