A Legacy Intact: safeguarding your family business in the event of divorce - Book - Page 54
Discussion of legal mechanisms such as pre-nuptial agreements and
off-shore trusts are not the natural language of love and so introducing
them as part of pre-wedding planning with a new fiancé(e) can be difficult.
Yet, for business-owning families these, and other protections, are an
Protection
PA RT
WITH CAREFUL PLANNING AND THE
RIGHT ADVICE, THERE IS MUCH YOU
C A N D O T O M A K E S U R E Y O U R FA M I LY
B U S I N E S S R E M A I N S I N TA C T T O PA S S
T O T H E N E X T G E N E R AT I O N , E V E N I N
THE EVENT OF DIVORCE
2.
essential part of sensible governance and succession planning.
In the chapters that follow we cover the range of measures available, which,
used together can give your business maximum protection. We touch on
pre- and post-nuptial agreements, trusts, family investment companies,
and wills, life assurance and pensions.
Having worked with successful family businesses over multiple generations
we understand the sensitivities. We also recognise how vital it is to put in
place robust protections that are designed to safeguard your business.
Approached properly, taking these steps at a very early stage, before they
are ever needed, can also take the heat out of an emotionally fraught
situation in the sad event that a relationship does break down. The clarity
of a carefully crafted pre-nuptial agreement, for example, can save a
divorcing couple time, money and infinite stress.
A LEGACY INTACT
