Kroener Hale Law Firm
contact Menu
Call 513-716-5940We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

TEXTS ONLY: 513-828-7510

Why women should protect their businesses from divorce

Traditional views of divorce often reflect the husband as the primary wage earner who is concerned about retaining those assets. However, more and more Ohio women are starting small businesses, and they are the ones seeking to maintain control post-marriage. That's why it's important for wives to take steps to protect their businesses from divorce.

Many states recognize the concept of marital property whereby any appreciation in the value of an asset during marriage is to be apportioned between the two parties. This may be true if the business was started during the marriage and also if the business existed at the time the couple entered into wedlock. Additionally, marital property may be applied even if the other spouse did nothing to contribute to the operation or management of the business.

However, an agreement between the couple can alter the characterization of the business as marital property. A prenuptial agreement signed prior to the marriage may identify the business as the separate property of the wife to be awarded solely to her in the event of divorce. A similar agreement, a postnuptial, can be entered into after the marriage begins. In either case, the agreement must be a valid contract with, among other issues, proper consideration.

A divorce lawyer can also suggest other strategies, such as a domestic asset protection trust. In any case, the division of property in a divorce is one of the more important and potentially contentious aspects of the process. Legal counsel could help a soon-to-be ex fight for a fair settlement.

No Comments

Leave a comment
Comment Information

Take Action Today. Call 513-716-5940 To Talk To An Experienced And Compassionate Attorney.

Email Us For a Response

Tell Us More About Your Legal Issue

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact information

Kroener Hale Law Firm
101 N. Riverside Dr.
Batavia, OH 45103

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Batavia Law Office Map

West Chester Office
9078 Union Centre Blvd
Suite 350
West Chester, OH 45069

West Chester Law Office Map

Cincinnati Office
312 Walnut Street
Suite 1600
Cincinnati, OH 45202

Cincinnati Law Office Map

Texts Only: 513-828-7510

With offices in Batavia, Cincinnati and West Chester, Ohio we serve clients throughout Clermont and Hamilton Counties