Wednesday, April 17, 2013

Is a Prenup Agreement right for you?

If you’ve thought about marriage, chances are this question has crossed your mind. Thanks to popular culture, prenuptial agreements are most commonly associated with heated divorce battles and arguments over money. However, these basic legal agreements are often used in even the happiest of marriages and are a very important factor to consider if nuptials are on the horizon.

A prenuptial agreement is a contract between two individuals contemplating marriage that allows those individuals to decide how their property and income will be divided upon divorce, legal separation, annulment or death.   Because a prenuptial agreement is a binding contract that can grant or deny rights to the parties involved, it is important to think carefully before entering into one.  Some of the factors to consider before drafting or entering into a prenuptial agreement include the assets you and your future spouse own and how you both would want those assets divided should the marriage end. It is important to discuss these with your betrothed before meeting with an attorney so that you can take your time and come to an agreement that is best for both you and your fiancé. Do this ahead of time so you will be able to enjoy your special day (relatively) worry-free!

The family attorneys at Brown Paindiris & Scott, LLP can assist you in deciding what to include in your prenup agreement.