Although prenuptial agreements present a legal tool for establishing ownership of assets between married people in the event of a divorce, not all Pennsylvania couples with asset protection concerns have one. Other legal options, however, enable a person about to enter marriage to establish that certain assets, like real estate and businesses, are non-marital assets.
Residents of Pennsylvania may be interested in learning how to avoid pitfalls associated with safeguarding a business from complications in a divorce process. Building a business is difficult enough, but unexpectedly receiving the news that a spouse is filing for divorce can drastically affect entrepreneurial efforts. Taking the necessary steps to ensure a business is protected is crucial.