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Using Marital Property Agreements in Family Business Plans 2024

Product ID: CA3601R8
Presented By: State Bar of Wisconsin PINNACLE

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.

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Member $99.00

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Credits

1 CLE

Date and Time

Wednesday, May 29, 202412:00 PM - 12:50 PM CT

Add to Calendar 5/29/2024 12:00:00 PM 5/29/2024 12:50:00 PM America/Chicago 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.

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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.

Read More ↓

Greg Monday defines his practice by his clients—he’s a family business lawyer. His extensive experience and knowledge of business law, contracts, tax law, estate planning, and more help family business owners achieve their goals while preserving family harmony. He primarily works with clients in real estate, manufacturing, and retail with companies valued at $30 million and up. Greg assists with issues at the intersection of family and business transitioning between generations, owning and running a business together, supporting retirement, and ensuring the family legacy endures. His knowledge of family businesses, backed with the support of a full-service business law firm, makes him a valuable legal partner.

Clients appreciate Greg’s ability as a consensus-builder. His technical knowledge gleaned from decades of practice, combined with his upbeat, optimistic attitude, give him a unique perspective in creating solutions that work for all parties. He serves as a trusted adviser, helping clients work through sensitive issues and achieve their goals beyond financial success. 

Greg’s knowledge of family business dynamics runs deep and began early. He worked his way through college at a family-owned restaurant and afterward, was employed by two other family businesses. Before he entered law school, he had already gained much practical experience with the unique qualities and needs of family business owners. 

Greg is an adjunct business law professor at the University of Wisconsin Law School. He is also the author of The Lawyers’ Guide to Family Business Succession Planning (ABA 2020) and publishes a blog about family business law. Greg and his wife, Stephanie, married in 1987 and attended law school together. They have three adult children. Greg and Stephanie enjoy the arts, such as literature, music, film, and theater. Greg also loves hiking with his daughter, photography, and animals – especially the family dog and four cats. 

  • 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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