Welcome back to The Cash Rich Exit Podcast! I’m your host, Colleen O’Connell-Campbell, Wealth Advisor. In today’s episode, I’m joined by Katherine Cooligan, a distinguished family law specialist and founding partner at Cooligan Yehia, LLP. With over 30 years of experience in family law, Katherine shares critical insights on how business owners can safeguard their assets and plan for potential family law challenges - including separation, divorce, and intergenerational wealth transfers.
💡 What you’ll Learn in this Episode:
⚖️ How Family Law Intersects with Business Ownership – The legal complexities when spouses work together, own shares, or have financial ties to a business.
📑 The Role of Marriage Contracts and Cohabitation Agreements – Why every entrepreneur should consider these contracts as a form of business protection.
🏦 Protecting Intergenerational Wealth Transfers – How to ensure that business assets and family wealth remain secure across generations.
🚨 What Happens When a Business Owner Separates? Key challenges, from share divisions to employment law implications, and how to prepare in advance.
🔍 High-Level Strategies for Business Owners – The importance of structuring your company with family law in mind, and why early legal advice can save you from costly disputes later.
🎯 Fun, Frank Advice from Katherine
"Spend the money at the front end instead of spending it at the back end. Getting the right legal and financial advice early is a fraction of the cost of fixing things later through litigation."
Are you a business owner planning for a cash-rich exit but haven’t considered the legal side of things? Don’t wait until it’s too late. Book a 1:1 Wealth Gap Analysis with me, where we’ll look at how to secure your business, wealth, and future.
If you found this episode insightful, leave a five-star rating ⭐⭐⭐⭐⭐ and share it with fellow business owners who need to hear this 🎧
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The Cash Rich Exit Podcast is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.
All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.
This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.
Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.
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