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Prenuptial Agreements

A prenuptial agreement, commonly referred to as a prenuptial contract, premarital agreement or prenup is a legal agreement that is approved by both spouses before getting married. Prenuptial agreements are used to protect each spouse financially in the event of divorce or legal separation. Agreements like this are a good idea in many situations, particularly if one or both spouses are entering the marriage with a great deal of assets or personal property.

How are Prenuptial Contracts Created?

Prenuptial contracts can be drafted by the spouses themselves, but it is in the best interest of both spouses to hire a lawyer to draft the document. Each state has very specific laws regarding what can and cannot be included in a prenuptial agreement and how such agreements can be legalized. A family lawyer from our team can help you determine what is appropriate to include in your prenup and can help you legalize the document. This will not only save you a great deal of time, but ensure your prenuptial contract is 100 percent valid should your marriage come to an unfortunate end.

Benefits of Prenuptial Agreements

Despite people’s common misconceptions, there are multiple benefits to signing a prenuptial agreement before getting married. A prenup will allow you to clearly outline how property will be divided in the event of a divorce, making it a much shorter and less complicated process. A prenup will also allow you to specify particular arrangements for the marriage with regards to finances. It’s important to know that personal matters such as where vacations will be spent or where your children will go to school cannot be included in a prenup. In fact, including this information may actually invalidate your entire prenuptial agreement. When you work with our legal team, our family lawyers can help you determine what types of arrangements are appropriate to include in your contract. A prenup can also be useful for establishing rules or procedures for events that may occur during the marriage or during a divorce. It can assign debt to one spouse or the other, protecting the other spouse from sharing debt liability. For this and several other reasons, prenups help reduce conflict. Of course, prenups are not romantic, and in many cases they may not be necessary. However, if you’re marrying a bit later in life and have something worth protecting, a prenup can be a smart and simple way to do just that. Considering creating a prenuptial contract? If so, contact our team of family attorneys to learn more about prenuptial agreements and your legal options. At Englett and Associates , we would be happy to sit down with you and provide you with information regarding your prenuptial agreement. Give us a call today at (855) 857-9691 to schedule a free consultation at your earliest convenience.

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