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Prenuptial Agreements

Prenuptial Agreements

Prenuptial Agreements

This is a legal document created by a couple several months before marriage which has a guideline for certain financial obligations with the marriage and outlines how assets will be distributed in the event of a separation, divorce or death. It can also act to preserve assets for children. Prenuptial agreements are common today in society and can help have an understanding of a marriage in the event that it breaks up.

A common misconception is that prenuptial agreements are only for the wealthy and that it is dooming the marriage from the start, these are both untrue. The purpose of these agreements are to create a legal document which outlines how assets and other property will be divided if there is ever a break down of the marriage.

These agreements help provide legal and financial protection and how the spouses will resolve their differences if the marriage ever falls apart. A detailed discussion about the couple’s financial future is required for a lawyer to draft a well written prenuptial agreement and is necessary for both spouses to be honest and ensure they disclose all of their financial assets and liabilities as well as any concerns they have about their finances to make sure its all included in the agreement.

Prenuptial agreements also allow couples to:

  • Preserve assets for children
  • Preserve assets from an inheritance
  • Outline the responsibilities
  • Outline individual rights to premarital assets
  • Distribution of assets or business

Prenuptial agreements last until you and your spouse both agree to change it or if the agreement specifies a date which it will cease to be valid. If both spouses cannot agree on the changes, assistance from the courts will be needed.

Online ‘do-it-yourself’ forms are not suitable for a matter like this and can lead to problems so it is important you get a lawyer to write one fully and properly.

To fully prepare for a married life and any future that can arise from it, we can help you with drafting and putting together a prenuptial agreement that truly meets the needs of you and your spouse with a detailed outline on how to properly divide your assets, property, and finances in the event that your marriage does not work out.

If you are looking to have a prenuptial agreement done our law firm can create one for you and ensure we listen to all your needs and objectives, just give us a call today to see how we can help you and to receive a free consultation.