What problems do participants in “expensive divorces” face? How to properly divide the “jointly acquired” shares? Thanks to what and how to properly divide numerous real estate in case of divorce? How to properly divide foreign property? … ..
The drivers of the US judicial practice in the field of family disputes are cases of the division of wealth of wealthy citizens. There are no simple solutions here, and in cases one has to involve not only family lawyers, but also corporate lawyers who understand the intricacies of corporate law and the rules of foreign jurisdictions.
First of all, you should understand what risks are involved.
These are the main “family” risks for business and business disputes that most often arise between spouses: the division of the spouses’ property and the death of the business owner, which inevitably triggers the inheritance process. These events may lead to the appearance of new, usually unwanted owners (one or more) in the company.
Division of property of spouses
First of all, we will define what belongs to the common joint property of the spouses and is subject to division:
The division of business between spouses can be carried out during marriage by concluding an agreement on the division of property or a marriage contract, a court ruling on the division of the spouses’ property or a decision to separate the share of the debtor spouse from the common property.
The division of the business between the former spouses can be carried out in all the listed ways, with the exception of the registration of a marriage contract.
Currently, the following legal instruments exist and can be applied to protect businesses from “family” risks:
Which of these legal instruments and in what combinations to use is up to the business owner. The task of the Grant Law Corporation attorneys is to draw the attention of the LLC member, client or shareholder to possible “family” risks and help to choose a reliable protective combination.