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Updated over 6 years ago on . Most recent reply
Protecting Housing LLC's in Prenup from Divorce
I'm in the process of drafting a prenup; I currently have two LLC's, with a total of five houses combined valued at roughly $900K, half of which is mine, half belonging to my business partner; I also have two rental properties held in my name. Can anyone provide model language they may have used in a prenup for themselves to best protect their business assets, both currently and going forward. My future father in law is most interested in ensuring his daughter's interests were I to do this as a business full time, and leave my day job, asking for 30% of the appreciation of the value of the business or 5% of the appreciation of the value of the business if I continue to be an investor in the business as a "secondary" job. Any insights are appreciated as I formulate language. I've hired a very high end attorney (someone who worked for a celebrity type firm), so I'm seeking advice from the forum above and beyond and in tandem with professional advice, who's a real estate pro who got burnt and knows from experience, or went through a similar prenup already. And don't tell me not to get married, even if that's the best advice of all :-) Thank you!