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November 2017 Archives

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4 examples of separate property

When you get divorced, marital property is divided. However, it's important to remember that not everything you own counts as marital property. Some of it may count as separate property that only belongs to you or your spouse and therefore does not have to be divided.

A prenup can help ... as long as it is valid

Prenuptial agreements can be a great tool to provide asset protection in cases of divorce. For example, if you own a business in the Gaithersburg area and you are thinking about marriage, you may want to create a prenuptial agreement that safeguards the company against a possible divorce. Imagine for a moment, that you and your fiancé do sign a prenuptial agreement and after years of marriage, you decide it is no longer working and you choose to go your separate ways.

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