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Family Business and Family Law

Saving family businesses from divorce during COVID-19

Article originally published on Wealth Professional. The pandemic has already taken a toll on both the economy and marriages across the country, and now with a second wave, those numbers are likely to rise. In fact, one in seven small

Mitigating The Cost Of COVID-19 On Business And Marriage – CanadianSME

Small businesses play an essential role in employing Canadians across the country yet have been particularly impacted by Covid-19. In addition, the pandemic has been wreaking havoc on marriages and, for business owners, this jeopardizes not only their family but potentially many others who depend on the business for their livelihoods.

As COVID-19 weighs on marriages, what should business owners know?

With business closures, quarantines, and household isolation measures continuing throughout Canada and around the world, many couples forced into a common domestic situation for an extended period are finding their relationships tested. Family law experts predict an uptick in divorce

Collaborative Law and Mediation for high net-worth families and business owners – Boutet on Advisor’s Edge

How can financial advisors reduce the cost of divorce and increase the value of their advice? Listen to the podcast discussion with Nathalie Boutet, hosted by personal finance expert Bruce Sellery. Prosper/Advisor’s Edge

How high net worth women are risking their future finances

Leaving important long-term planning and investment decisions to a spouse can end up being a potentially costly decision. Here are three reasons why. I recently came across research that revealed women worldwide are leaving long-term financial planning to their husbands,

Shepreneurs: Keeping a Small Business Alive After Divorce – Boutet in Divorce Magazine

When it comes to keeping a small business alive after divorce, reducing the negative impact of divorce on yourself, your staff and the day-to-day operations is critical. This can be difficult to do without the proper knowledge.   Read the

Getting divorced? Your business may be a moving target – Boutet In The Globe And Mail

Executives and business owners are accustomed to running the show but an upheaval in their personal life, such as divorce, can have a significant toll on their work, their employees and the business performance as a whole. For high net-worth

Starting a Business with your Spouse – Boutet on AM 800

Nathalie Boutet is featured on AM 800 to discuss starting a business with your spouse.

Protect gifts toward a matrimonial home from divorce – Boutet on Advisor.ca

Often, parents want to help a child who’s getting married by contributing to the cost of the matrimonial home. This may be in the form of money for a down payment on a house, assistance with reducing the mortgage, or

How parents can protect the family business if their children divorce – Boutet in The Globe and Mail

There are many considerations given to how couples can protect themselves and their assets from divorce, but what about their family members – specifically the older generation – whose assets may also be at risk? What can parents who started

Tips for Teams Working with Family Enterprise Clients – Boutet on Advisor.ca

When advisors work in arranged teams with complementary skills, they may have developed a charter to define their roles and common goals, a code of conduct for communications, and a method for conflict resolution. They can then draw on these

Conflict Resolution Strategies for Family Businesses – Boutet on The Huffington Post

It is not simple to resolve conflict within businesses where people bring in different points of view, cultures and values. Resolving conflict within a family may be even more complex because the members have had a lifetime of interacting with

Sibling rivalry can sink family business succession – Boutet in Succession Planning

Nathalie Boutet is featured in an article discussing how mediation can offer a route to involving all family members in resolving disputes over succession plans. Read the full article in Succession Planning.

Conflict Resolution Strategies for Family Businesses

It is not simple to resolve conflict within businesses where people bring in different points of view, cultures and values. Resolving conflict within a family may be even more complex because the members have had a lifetime of interacting with

How to prepare your spouse to work in the family business – Boutet in The Globe and Mail

As many as 80 per cent of small businesses in Canada are family enterprises. And while the benefits of self-employment and entrepreneurship can include financial freedom and control over one’s career, there are many factors families need to consider before

Why business owners should avoid divorce court

The divorce court system is adversarial, expensive, time-consuming and open to the public — all reasons for family business owners to avoid it. It’s the most expensive process, it lasts the longest and nobody but the judge has control over

Why Advisors Should Get Personal with Divorcing Clients – Boutet on Advisor.ca

Chances are, every advisor will encounter a client whose marriage breaks down. Advisors who are afraid to touch such an emotionally charged issue miss important opportunities to connect with clients. Nathalie shares some simple tips so you know what to

Relationship problems can threaten survival of family business – Boutet in Succession Planning

One issue that is often overlooked in family run enterprises is the risk that an interpersonal relationship will be damaged, taking the business down with it. It’s called relationship risk. When people don’t take care of their relationship, whatever plans

Nathalie Boutet at CAFE’s Family Business Forum

Protecting family business when divorce strikes Families who devote their lives nurturing their business are ill prepared for marital breakdowns that pose risks to the well-being of individuals and businesses. Watch this video to find out the best strategies to

Business Advisors can be the ‘Voice of Reason’ in a Divorce

Trusted advisors such as accountants and lawyers can play a key role in minimizing the potential negative impact of a divorce within a family business. Referring clients to the right family law lawyer could mean the difference between a divorce

How to Protect a Business from Divorce – Boutet on The Divorce Angels

Successful entrepreneurs know the hard work and dedication it takes to build a thriving business. But often, insufficient time has been spent protecting a business from the potentially devastating impacts of a divorce. Read the full article on The Divorce

If your co-founder is headed for divorce court, can your business survive? – Boutet in The National Post

Nathalie provides The National Post with advice on how businesses can survive the threat of a divorce. Read the full article on The National Post.

Can Your Marriage Survive Starting a Business? – Boutet in The Globe and Mail

Nathalie gives Globe & Mail readers advice on protecting your marriage if starting a business, and protecting your business in case of divorce. Read the full article on The Globe and Mail.

Protect a Business from Marital Breakdown – Boutet in Advisor.ca

Marital breakdown can destroy a business, but it needn’t be this way. With the right planning, your client’s business can survive a failed marriage. Read the full article on Advisor.ca.