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Starting a business is a very arduous task.  For a long time, there is no end to the struggles to bring services or goods to consumers and finding your marketplace.  Time and resources are spent to make a business a success and a divorce can tear it asunder.

A marriage is a contractual agreement that states that each spouse is entitled to jointly gained assets.  This is essentially the difference between separate property and marital property.  In some cases, a spouse can expect nearly half of a business after a divorce as determined by length of marriage, involvement in the business, and the spouse’s earning potential after a divorce.

If either spouse has spent their time creating a valuable asset such as a business, it is essential to know how to protect it, most likely through a prenuptial agreement or other business agreements.  A prenuptial agreement serves as an outline of the outcome of an unforeseen dissolution.  It will delineate the property and asset distribution and also for the protection of a business.  But like most contracts it needs to meet certain criteria to be considered valid by the divorce court.

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If you’re a woman going through a divorce, you need to ask yourself two tough questions: Could your husband be hiding assets? And if he is, does that mean you won’t get the divorce settlement you deserve?

Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect.

Unfortunately, as you go through the divorce process, your husband may try to take advantage of the situation by hiding income and/or assets. How can you tell? What steps can you take to ensure you have an accurate accounting of your family finances?

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