Using Marital Property Agreements in Family Business Plans 2024

  • OnDemand seminar
  • Business Law
Using Marital Property Agreements in Family Business Plans 2024

This program is an excerpt from Untying the Knot: MPAs for Estate Planning, Business, Family, and Bankruptcy 2023.

Master MPAs

With about half of all marriages ending in divorce, it’s wise for couples to consider marital property agreements (MPAs), especially when there’s a family business involved. In the absence of an agreement, the default rules developed under statutes and common law will govern family business concerns. But a properly crafted MPA can help the business operate effectively when ownership transitions or owners’ marital relationships change.

At Using Marital Property Agreements in Family Business Plans, seasoned family business lawyer Greg Monday will show you how to help family business owners and their spouses document a fair and appropriate agreement about their relative rights in the family business interests.

Product details

Faculty

  • Hear best practices on protecting a family business with an MPA
  • Recognize potential problems that can arise when there is no MPA
  • Ensure family businesses aren’t left financially vulnerable to spouses’ creditors
  • Understand the elements of a valid MPA and key terminology for family businesses
  • Family law practitioners
  • Business lawyers
  • Estate planning lawyers

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