How to Protect your Family and Business During a Divorce
There’s no doubt about it. If you are an entrepreneur, life and business often coexist and at times can get messy. Safeguarding your life, family and finances through a divorce are equally important as growing your business. That’s why we’re sharing family planning resources and strategies so you and your business can navigate unexpected events and life changes without major disruption and stress.
Since the global pandemic, there’s been an increase in family disputes, domestic violence and child custody cases in Florida. The pandemic has also had an impact on divorce cases–primarily lengthening the process due to backlogged courts and closures. When a divorce occurs, entities such as businesses are often part of a settlement agreement so it’s important to think about these assets in advance. To protect yourself and your company be sure to always separate your business and personal expenses and pay yourself a salary. If you are soon-to-be married you can also explore a prenuptial agreement with your attorney.
Even in the most peaceful times, going through a divorce can be one of the most stressful experiences in life not to mention during a pandemic. If you are a business owner, the stakes are even higher. Not only could your business be on the line, but your mental health and wellbeing will likely be impacted.
When children are involved it can be difficult to find unbiased information and advice for obtaining child custody rights and co-parenting with your child. Florida in particular has custody laws that favors both parents as long as both parties can justify equal sharing through parenting plans. Having a clear plan for child-sharing in advance will eliminate stress and conflict for holidays and vacations in which you want your children to be present for. Raising children in separate households during a pandemic also requires flexibility to navigate school closures, quarantining mandates and the disruption of after school activities. While being a business owner often provides flexibility–no one wants to cancel important client meetings due to lack of childcare. Having options lined up in advance that doesn’t rely on your ex can help you plan for the unexpected.
Most importantly, your mental and emotional wellbeing are the biggest factors that influence your business, children and relationships in your life. Divorce and separation can have a profound impact on everyone. Making sure you have a plan for therapy and resources for you and your family can make all the difference in navigating this chapter of your life. Taking care of yourself and creating a strong support system is key for creating a peaceful transition.
When it comes to family planning, we recommend that our clients turn to The Joseph Firm, one of Behind the Leaf’s foundation donors. It is because of owners like Mark Joseph Esquire that we can bring you valuable resources to help your business flourish. In 2019 The Joseph Firm was awarded for being the longest running continuous donor.
The Joseph PA is a family law office in south florida that hyper focuses on helping families resolve their legal conflict with minimal tension. Mark Joseph Esquire is an engaged community leader who's helping families navigate family planning. His firm has a community of legal professionals, mental health experts, and financial advocates who can speak directly to the unique problem of modern families.
If you or someone you know could benefit from a tribe that supports you to flourish in life and career, join our private Facebook group!
