The Houston Family Law Blog

Texas Family Law Attorneys Recommend Prenup For Business Owners

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If you have a family business and you’re about to get married, it would be a good idea to consider signing a prenuptial agreement with your spouse-to-be. This is because a divorce can be especially complicated when there’s a family business or great deal of money involved.

Delmarva Daily Times states that anybody who owns a business or who is in a position of potential ownership of a business shares that status with a spouse. A prenuptial agreement can ensure that a family business doesn’t end up in the hands of the wrong person in the case of a divorce.

So how do you draft a successful prenuptial agreement? Each party must have his or her own Houston family law attorney involved in the prenuptial agreement process, so that both of the soon-to-be spouses can be fairly represented. Neither attorney should be affiliated with the business. The prenuptial agreement should also be drafted at least a month before the wedding, so that there’s a reasonable amount of time to consider what the contact is asking.

FindLaw provides further criteria for a valid prenuptial agreement in Texas, which includes the fact that a prenuptial agreement cannot be made as a result of duress. The agreement is supposed to describe each party’s rights in the case of a divorce or in the case of a spouse dying. The contract will say what each party is entitled to in the case of divorce or death. More information on the criteria of prenup can be found through our Related Resource pages.

Related Resources:

  • Reasons for Premarital Agreements (FindLaw)
  • Find a Houston Family Law Attorney (FindLaw)
  • 10 Reasons a Premarital Agreement May be Invalid (FindLaw)

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