LA LAW: The Impact of Divorce on BusinessDate: March 24, 2016
Time: 12:00 PM - 1:30 PM EDT
Location: Lewiston Auburn Metropolitan Chamber of Commerce
415 Lisbon St, Lewiston, ME
Marriage is often referred to by Maine courts as an economic “partnership” It creates legal rights and obligations that give each person a potential claim to the other’s assets, income and business interests at the time the marital bond is dissolved by divorce. A divorce, therefore, can have adverse consequences for the divorcing spouse who owns a business, as well as for that spouse’s partners, fellow shareholders, and even employees. This seminar will discuss various ways in which divorce can affect a business owner and strategies (such as prenuptial agreements, buy-out/buy-back agreements and segregation of pre-marital property) that can be employed to minimize the disruptive and destructive consequences of divorce.
A Chamber Seminar
Led by Attorney Elliott Epstein
of Andrucki & King