Quote Quoting michaelgant3
1. His parent's loaned his business $225K several years ago. My client, the husband, would like to get them paid off. With the buisiness in his name, is it most likely that he would need to do so out of his business assets and there be no mention of that asset or it's debt in the divorce decree?
You describe it as a business debt so, if this is what you're trying to get at, upon what basis would he repay it from the assets of the marital estate?

Quote Quoting michaelgant3
2. In her filling, she has only indicated a request for separation of persanal assets and is seeking no business assets. That said, should he take equity out of each of his business properties, building and land, and purchase an annuity with an enhanced death benefit, listing his children as beneficiaries, is the actual cash value of that policy exposed in any way to a divorce decree?
Annuities tend to be horrible investment vehicles, although extraordinarily profitable for the insurance company (and agent) who sell them. Why not set up a trust, family LLC, or similar estate planning vehicle?

Quote Quoting michaelgant3
Our thought is that with having had no attempt to seek any amount of equity from business assets, owned prior to the marriage, putting the assets inside of the insurance product would provide him shelter should she decide to do so. Are we thinking properly? Not sure if anything else is possible on the parental debt.
More likely, if she were to decide to pursue those assets and a court agreed, he would be either selling the annuities at a horrendous loss, or having to come up with the money from other assets.