What the Law Says About Prenuptial Agreements
Without a prenuptial agreement or post-nuptial arrangement,a divorcing couple may face a ton of legal hurdles. Any couple seeking to rescue themselves out of divorce court ought to seriously look at a prenup.
Definition of a Prenup
A prenup is essential if both parties have come from previous marriages. Also, should they have kids from a former union or have important personal assets that they don’t wish to be more subject to the whims of a family court judge. By agreeing to conditions today, the divorce will operate easier when you adore one another once the bliss has worn off. Having a prenuptial agreement, you understand how things will be broken—giving you peace of mind along with costing you less cash in divorce lawyer fees. Most couples find it hard to explore the end of a union.
The Contents of a Prenup
If you’re coming into a union with property, retirement accounts, or money, you may want to maintain these resources separate from the rest. Community property is split evenly if a divorce occurs. Individual property isn’t divided. A prenup often comprises a waiver from both parties of any property or resources another partner acquired before the marriage. This is important for those who would like to preserve the resources they bring to a wedding.
By agreeing these resources are to stay separate, you restrict this debate in court. A prenup might include language about denying spousal assistance in the event of a divorce. Two subjects of big concern to …