When you are a businessperson facing divorce, there are many ways for your personal and professional life to wreak havoc on each other. If you are concerned about keeping your business intact through your divorce settlement negotiation, especially if you did not protect it with a prenuptial agreement, then divorce mediation may be an excellent option for your needs.
Through mediation, you and your spouse can sit down together with an impartial mediator and work out a settlement that meets everyone’s needs. Mediation also allows both spouses to win while requiring that each side sacrifice and compromise.
The truth of the matter is that businesses are often considered marital property, depending on the circumstances. If you are unsure whether your business is martial property, then you should consult with an attorney who can help you understand the nuances of the applicable laws.
In the event that your business is marital property, it is probably a high priority for you to keep it from being split up (and possibly dismantled altogether) in the divorce. With a mediator, you and your spouse can work together to find fair ways to compromise so that your business can remain intact without unfairly burdening your spouse or denying him or her a fair settlement.
If you believe that mediation may be best for you and your spouse, do not hesitate to reach out to an experienced attorney who can help you reach a fair agreement and ensure that both parties keep their rights secure. With proper legal guidance, your divorce may be achieved amicably while allowing you to keep your business of the chopping block.
Source: findlaw, “Divorce Mediation – Overview,” accessed April 21, 2017
