For many Californian couples, happily ever after never happens. Many couples manage to end their marriages in an amicable manner. In fact, it has become so common that more and more people think they can handle the process without legal guidance. If you and your spouse both wish to divorce and are considering navigating the process on your own, you might be surprised at how challenging it can be.
Starting and running a business of any kind requires dedication and a lot of resources. If you've poured your heart, soul and life savings into a business, you certainly don't want to see that disappear just because your marriage doesn't work out.
Sometimes prenups are sensationalized by the press, characterized as controversial contracts that can outrageously disinherit or deprive one spouse of assets or spousal support at divorce or death of the other spouse. On the contrary, once you take the stereotypes and emotion out, a prenuptial or premarital agreement can be a smart, solid tool for financial and estate planning that creates a predictable plan for disposition of assets brought in to or accumulated during the marital relationship.
Splitting assets during divorce is like a game. Each side wants to win and neither party wants to feel like the other side cheated. Unfortunately, some individuals may try to hide assets when it comes to the property division process.
Planning for your divorce may seem unnecessary but it is actually quite the opposite. If you know you are going to file for divorce or that your spouse is going to serve you with divorce papers, the best thing you can do is to create a plan.