A Legacy Intact: safeguarding your family business in the event of divorce - Book - Page 59
“
To many, the idea of entering into a
PNA can be, at best, unromantic and,
at worst, distasteful. It is true that in
most cases the preparation of such
an agreement is not an attractive
IT IS CRUCIAL FOR
THOSE WITHIN A
FA M I LY B U S I N E S S T O
BE CLEAR ABOUT
THEIR FUTURE
INTENTIONS AND
IDENTIFY SHARED
VALUES TH AT
RESONATE WITH ALL
SHAREHOLDERS.
prospect. The idea of entering into
the agreement is often sprung on
one party by the other in the run
up to the wedding. They are asked
P R E - A N D P O S T- N U P T I A L A G R E E M E N T S A R E
I N C R E A S I N G LY C O M M O N – B U T T O G I V E Y O U R
PNA THE BEST CHANCE OF BEING UPHELD
T H E R E A R E S O M E K E Y FA C T O R S T O
C O N S I D E R , I N C LU D I N G E N S U R I N G I T I S FA I R
ABOVE ALL ELSE,
COMMUNICATION
BETWEEN
GENERATIONS
IS VITAL.
to deal with the time-consuming
requirements of agreeing the terms
of a PNA while planning for their
special day. This is clearly not an
IN THIS WAY THEY CAN
MAKE CORE
DECISIONS ABOUT
LEGACY AND PUT IN
PLACE THE
PROTECTIVE
MEASURES THEY
WILL NEED TO
ACHIEVE THEIR GOALS.
ideal scenario. However, approached
with care, consideration and careful
planning, this form of agreement
can be a highly effective way of
avoiding disputes and litigation in
the event of a divorce.
H AY D E N B A I L E Y
P R I V AT E W E A LT H
PA RT N E R
58
59
”
