What does a prenuptial agreement cover? Do I really need one?
As a sheer financial matter, a prenuptial agreement is a must for any individual who intends to enter into a marriage with any assets. A prenuptial agreement gives clarity and simplicity in the event that something happens down the road with the relationship. Prenuptial agreements can cover your home, business, retirement, or any other asset that you may own, both prior to and after the marriage.
It’s not pleasant, particularly prior to marriage, to create a plan if in the event the marriage does not last. Obviously, the plan is that the marriage is until death do you part. However, in today’s world, you have to be smart, particularly if you own assets prior to the marriage.
What happens if you own a business? Do the profits after marriage because your spouse’s? What about the appreciation on your home? Can we waive alimony in the event that your marriage does not last?
These are difficult, but important, questions that should be addressed prior to your marriage. We do not suggest you should assume negative regarding your marriage, but planning is key to anything in life, including a marriage. You plan for retirement. You plan your budget. Why not plan for your relationships?
The process of prenuptial agreements can be daunting, but it does not have to be. Our firm gives you clear and concise language to protect the assets you worked hard for. This could include all assets including alimony in the future.
Figuring out how to divide up property and assets can be difficult. It’s best we talk face to face to discuss these important issues. Contact our attorneys today!