All You Need to Know about Premarital Agreements
A premarital agreement is also known as a prenup or a prenuptial agreement and is a contract between two people who plan on getting married. The document states who will get what if a divorce occurs, as shown in the example here! If you or your partner is entering marriage with assets, the premarital contract makes it easier for the both of you to separate, see this website for details. The agreement is meant to shield the interests of both partners when entering marriage.
In pop culture, prenuptial agreements are common among the rich. Someone with a lot of property can marry someone who doesn’t have much without worrying about losing their assets. It is, however, necessary that every person considers getting a prenup to access the benefits it provides. People of all classes should consider getting a prenup for separating debts, the determination of financial obligations and rights, and minimizing potential difficulties in case of divorce. Read more about why you need to get a prenup here.
Prenups are legal in every state, and courts take the contract as a serious legal document. You are required to negotiate the contract with your lawyer, thus the need that each spouse has their lawyer. To know how to pick a good lawyer for a prenup, view here! The agreement needs to be fair for both parties, and they must both disclose all their assets. If you do not want to work with a lawyer, you can research how to prepare the document and ensure that it is written clearly to be deemed legally sound. Learn more about what you need to put in a prenup here. 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. Click here to get in touch with a prenup attorney.
If you do not want to make a premarital agreement, you end up at the mercy of your state laws in case of divorce. This service will be of help in your understanding of your state laws concerning divorce in relation to assets. You may end up having to split all your assets, including what you owned before you got married. Learn more about post-nuptial agreements here.
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.
To get started on a prenuptial agreement, click here for more info. These lawyers can help you in designing a prenup for yourself.
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