Benefits Of A Prenuptial Agreement
If you are planning to get married, you may want to consider a prenuptial agreement as a way of protecting your assets and preserving the financial estate you will be bringing to the marriage. Prenuptial agreements used to be associated with massive wealth. Only those individuals who had valuable estates and a significant amount of property would consider preparing a prenuptial agreement. Nowadays a prenuptial agreement can have benefits even in cases where neither party has substantial assets. Some of the most common reasons for preparing a prenuptial agreement are as follows:
- To protect separate property or family property that you will be bringing into the marriage, yet which you do not plan on having become marital property
- To clearly define which property can be considered as marital property
- To support and protect your estate plan
- To save money and determine who gets what in the event your marriage ends in divorce
- To resolve any property, asset, debt or other monetary-related conflicts which may arise in the future
- To clearly lay out each party's financial responsibilities and duties during the marriage
- To lay out the terms of specific agreements between you and your spouse
- To come to an agreement on the procedures for deciding issues in the future
- To protect one another from debt incurred prior to the marriage
- To see that children from a prior marriage will receive their intended inheritance
There are certain things that cannot, or should not, be done with a prenuptial agreement. If you are considering a prenuptial agreement, an experienced Austin divorce attorney will be able to advise you of your legal rights and help you prepare a prenuptial agreement to which both you and your future spouse can agree. Our attorneys have more than 175 years combined legal experience. We also possess an in-depth understanding of family law. We are skilled negotiators committed to protecting our clients' interests. It does not matter whether you have a small estate or a substantial estate, our legal team is more than qualified to provide you with sound, legal representation you need.
Preparing a prenuptial agreement does not need to be a difficult task. With the assistance of a divorce attorney from Friday Milner Lambert Turner, PLLC, you will be able to enter into your marriage with peace of mind in knowing your assets and estate are protected. Call our firm as soon as possible to find out what we can do for you.