Prenuptial Agreement Lawyer
It’s not a surprising thing for someone to consider exploring having a prenuptial agreement before they tie the knot. What you are basically doing is negotiating what’s going to happen if you get divorced. We have all heard about the high rates of divorce and it’s a reality that we don’t enjoy thinking about. But some couples worry that bringing up the possibility of divorce will lead to their marriage breaking down in the future, but it actually seems to be the opposite. As a prenuptial agreement lawyer explains, having a prenup is a great way to ensure that both people’s concerns about finances are addressed, which can in turn prevent serious arguments about money too.
By definition, a prenuptial agreement is a written contract in which an engaged couple states what their responsibilities and rights are regarding marital and premarital assets and debts. It also expresses what they want to happen if their marriage were to end in divorce or one of them were to pass away. By discussing a prenup, it forces each partner to communicate what their financial goals are and share their attitudes about money. Both spouses will have to reveal their saving and spending habits, along with any currently accrued debts. If you consider the fact that money issues are a leading cause of divorce, by having these conversations beforehand, it can build the foundation for a more long-lasting matrimony.
A prenup is a legal contract that gets signed by both couples before getting married. This document is a formal arrangement that organizes how their assets will be divided in the event of divorce. Every state has its own specific laws about the enforceability of prenups, and what can be included in this contract. This agreement is recommended in situations where one person has more assets and debts compared to the other, and they want to protect them. A prenup can also take into consideration what would be fair for each spouse in the future if the marriage does not work out, such as the type of lifestyle they have developed since the prenup was created and whether either party has incurred additional difficulties or burdens from the divorce.
Prior to signing a prenuptial agreement, both partners have a duty to be transparent and disclose their finances. This entails all investments, property, real estate, debts, assets, and other financial liabilities. If you need help devising your prenup, you can consider meeting with a law firm, such as Carpenter & Lewis PLLC, as they have experience assisting couples with this matter. Contrary to popular belief, prenuptial agreements can be immensely beneficial if they are viewed in a certain light. A prenup may be written for numerous reasons, but ultimately it’s a way for each person to share what their current financial situation is and what their hopes are in the marriage. Despite feeling nervous about approaching your partner about a prenup, in the end it can prepare you for a stronger future together.