If you are planning on getting married, you may be considering signing a prenuptial agreement. This can be a way for you and your future spouse to outline your assets and decide who will own what if you decide to get a divorce in Clay County.
The experienced attorneys at Arnold Law can help you with your prenuptial agreement needs. We can answer your questions and explain the entire process to you.
What is a prenuptial agreement?
A prenuptial agreement is a legal contract that is signed before a couple gets married. It is used to outline how assets will be distributed after divorce, financial responsibilities and debt obligations. This can be a great way to avoid future conflict.
Should I have a prenuptial agreement?
Many people assume that only rich couples should have a prenuptial agreement. This agreement can be beneficial for many types of couples, especially those in a second marriage. If you are looking for a way to protect your assets, a prenuptial agreement might be the right choice for you.
An experienced attorney can help you decide if a prenuptial agreement is a good idea for you and your future spouse.
What can a prenuptial agreement do?
A prenuptial agreement can do a number of things. This includes:
- Separating finances. With a prenuptial agreement, you and your spouse can decide who will have control over certain property that is accumulated during marriage. You can choose to separate these assets.
- Outline property division before divorce. Taking the time to decide how property will be divided can make the process of divorce less stressful. Without a prenuptial agreement, there may be a lot of disagreements and arguing.
- Provide protection from debts. A prenuptial agreement can help to limit debt liability. If you don’t have a prenuptial agreement in place, creditors may be able to take your assets in order to satisfy your spouse’s debts.
- Outline financial responsibilities. A prenuptial agreement is a great way to outline each spouse’s financial responsibilities. This may include listing who is responsible for certain bills, savings agreements, what types of bank accounts you both agree to, credit card spending rules, and more. With marriage comes a lot of financial responsibility. It can be extremely beneficial to outline these responsibilities ahead of time.
- Protect children from a previous marriage. If you or your spouse has children from another marriage, a prenuptial agreement is a good option to consider. This can ensure that children receive an inheritance after your death.
Why You Need Help
If you are planning on getting married, take the time to consider creating a prenuptial agreement. This can allow you and your spouse to be financially protected throughout your marriage. If you have any questions, consult with a qualified family law attorney.
Where to Get Help
We will help you create a prenuptial agreement that meets your needs. We are a team of professional Clay County family law attorneys with extensive knowledge in prenuptial agreements and Clay County divorce experience.