As a business owner, keeping informed about the finer points of employment law is important. If you're getting ready to hire your first employees, you need to be sure that you understand exactly what you can and cannot do. Don't risk getting yourself into legal trouble by asking the wrong question at the interview or making an off-hand comment that's considered legally unacceptable. I created this site to give you the basics of employment law expectations. I hope that the information here helps you to understand what you should and shouldn't do as you're interviewing and hiring your first staff members.
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Why You Should Consider A Prenuptial Agreement
Irene Robertson
Few things are more challenging than realizing you failed to protect yourself against the complexities of the separation process during a divorce. Most people operate under a sense of euphoria and altered realism when handling the initial stages of marriage. However, time and life together with a partner can open your eyes to possibilities that they might not be the person you saw before, and sometimes, what you see does not please you. The ideal self-preservation measure you can take is ensuring you get a prenuptial agreement beforehand. Here are some of the reasons why you should consider one.
Safeguard Your Property Rights
If you don't have a prenuptial agreement, the law in your state will determine the way you share property. Some states have community laws stipulating that you ought to share all the property acquired during the marriage in the right way. But, if you have an agreement, it will be the default law that the family court will use when determining how you'll share the property. Creating the agreement follows legal procedures, which is why the resulting document is considered legal.
Get Full Financial Disclosure
Part of drawing the prenuptial agreement involves getting full financial disclosure from your partner. You cannot have a document dictating how you will share property after separation if the court does not know what everyone owns. Therefore, the agreement is the perfect way to understand your partner financially. Also, hiding financial details can invalidate a prenuptial agreement, and few people will be willing to take risks that lead to financial losses. The prenup will outline the property owned by the individuals or each party in the agreement and what they should anticipate in the future.
Minimizing Possible Conflict During the Divorce
A leading source of conflict when a couple decides to separate is how they will share their property. It is usually closely followed by everything involving the children, including custody and visitation rights. The best way to minimize such conflicts is by going into the marriage with an already signed agreement on how to share property in case of a divorce. Historically, wealthy people used prenups to ensure they did not lose their property to spouses during separation. However, in the present day, the agreement protects everyone's interests, including custodianship.
These are some simple considerations you should make when getting the prenuptial agreement. A family law attorney will help you draw the document and get the best chance at retaining what is dear to you beyond the divorce.
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