Your Guide to Understanding Premarital Agreements
A premarital agreement, also referred to as a prenuptial agreement or a prenup, is a contract between two people who intend to marry. The premarital agreement stipulates who gets what in the situation that the two divorce, see this website to see a sample of the document. If either of you is entering marriage with assets, the premarital contract makes the process of separation easier, read more now! The contract is designed to protect the interests of both parties entering marriage.
In pop culture, prenups are for protecting the rich. Someone with a lot of property can marry someone who doesn’t have much without worrying about losing their assets. However, every person should consider getting a prenup for various benefits. People will gain the benefits of determining financial rights and obligations, the separation of debts, and the reduction of potential issues in the case that divorce happens. See this site to learn more about the benefits of getting a prenup.
Prenups are legal in every state, and courts take the contract as a serious legal document. You need to negotiate the contract with your lawyer, and each spouse needs to have their lawyer. Read more now about what to negotiate for with your lawyer. The agreement needs to be fair for everyone involved, and the disclosure of all assets has to be done. When you do not want to work with a lawyer for your prenup, you need to research extensively about how to prepare the documents so that it is legally sound and written clearly. View here for a useful resource concerning how you can develop a prenup. You can even go ahead and draft the document yourself and then seek professional counsel for necessary adjustments. Discover more about why you should opt for this option here. This attorney can help you with your prenup for excellent services.
If you do not want to make a premarital agreement, you end up at the mercy of your state laws in case of divorce. Discover more about what the law says concerning assets during divorce here. . You may end up having to split all your assets, including what you owned before you got married. For details about what to do if you’re facing divorce without a prenuptial agreement, read here for more info.
If your marriage remains strong, the premarital agreement will never come into play, view here for more. While you may not even imagine wanting to separate with your partner before marriage, you should be prepared in case this ever happens.
Discover more about what to do to get a prenup on this page. Click here for more assistance in getting a prenup.