Your Guide to Understanding Premarital Agreements
A premarital agreement, also called a as a prenuptial agreement or a prenup, is a contract between two people who plan to marry. The document states who will get what in case of divorce, look at the sample here to know how it’s structured. If either of you is entering marriage with assets, the premarital contract makes the process of separation easier, read more now! The agreement intends to shield the interests of both parties who are entering marriage.
In pop culture, premarital agreements are mainly prevalent among the rich. Someone with a lot of wealth can marry someone without property while having no fear about losing their assets. However, every person should consider getting a prenup for various benefits. Some of the benefits include separating debts, determining financial rights and obligations, and minimizing potential problems in case of divorce. See this site to learn more about the benefits of getting a prenup.
Prenups are handled very seriously as legal documents in courts, and they are legal in every state. You are required to negotiate the contract with your lawyer, thus the need that each spouse has their lawyer. Read more now about what to negotiate for with your lawyer. One needs to disclose all their assets, and the agreement needs to be fair for both parties. 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. Click for more on professional legal counsel on your prenup 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. You can use this product to understand your state laws concerning divorce. . You may end up having to split all of your assets, and some of the property that you owned even before the marriage could be part of what is divided. Learn more about post-nuptial agreements here.
If you do not need to divorce, the prenuptial agreement will never come into play. Therefore, while you may not be intending to divorce before you’re getting married, make sure that you are protected in case this happens.
To get started on a prenuptial agreement, click here for more info. To get legal help in the process, click on this page.