In a divorce, everything that belongs to the BSM is divided. 👉 from joint real estate, shares in a company to investment property.

In a divorce, everything that belongs to the BSM is divided.
👉 from a shared property, a share in a company to investment property.

In practice, there are three ways in which the property belonging to the BSM is settled after divorce:

1️⃣ Spousal agreement – the quickest and least painful,
2️⃣ Court decision – if agreement is not possible,
3️⃣ Statutory presumption – community of property – if property is not settled within 3 years of divorce.

Did you know that even during marriage there are legal ways to ensure that part of a business owner’s assets do not fall under the BSM regime?
Both entrepreneurs and investors should therefore think early to prevent the risks of “property-unmanaged” divorces.

👉 More about the methods and risks of BSM settlement was written by Dominika Fedáková in this article: https://lnkd.in/ejrX4wxQ

_____

Dominika Fedakova
Highgate Estate Vault

hashtag#HighgateGroup hashtag#ProtectingProperty