A seminar held to help business owners protect their assets from divorce proceedings has been hailed a success.
Around 20 people from forensic accountancy firms and financial advisers attended the recent session, held at our offices in Coventry city centre.
Helen Bowns, associate in the family department, led a discussion on the topic following a number of high-profile divorce cases that have driven interest from clients locally.
She said: "Going through a divorce is devastating at best and its financial impact can make things much worse if things aren't planned for properly.
"Despite us seeing an increase in enquiries around asset protection, it is alarming that a lot of business owners in the Midlands still don't think about the legalities and protection of their assets until something goes wrong, simply because they are too busy.
"This seminar focused on what people can do to protect their business in the event of divorce. It covered a variety of scenarios, such as creating pre-nuptial agreements for peace of mind should the worst happen, to figuring out how much assets are worth and exploring alternative ways of legal mediation to avoid court and its associated costs.
"We've had some really positive feedback and were inundated with questions afterwards from people wanting to protect their own assets.
"It's events like this that can help to spread the word and begin a shift change in how business people manage the assets they've worked so hard for."
Mark Moseley, managing director at BHB, added: "Hosting these seminars is incredibly important for us, as it brings to life the high level of service we provide at Band Hatton Button.
"A key part of what our law experts do beyond day-to-day legal services is to help people plan for the future by having their fingers on the pulse to identify any external factors that may impact assets."
For more information about protecting assets, email Helen Bowns at HLB@bandhattonbutton.com