Marriage is one of the most significant events in a person's life. If you need a prenuptial agreement, a family attorney is absolutely necessary in order to best protect your rights and your assets. Don't be shy in asking your attorney about any questions or concerns that you have. In our video you will find the basic information about Prenuptial Agreements: what are Prenuptial Agreements and how can these documents help you? Prenuptial Agreement is a written contract that is concluded between a bride and a bridegroom before marriage. It sets out: - the terms of possession of assets - treatment of future earnings - control of the property of each party - potential division if the marriage is later dissolved What are the pros and cons of a Prenuptial Agreement you should be aware of? A Prenuptial Agreement (Prenup) can help you: - Document each spouse's separate property in order to protect it from a later dispute; - Document any special arrangements between you and your spouse; - Reduce conflicts during a divorce in case that day ever comes; - Protect the inheritance rights of children and grandchildren from a previous marriage; - Protect one spouse from the other's debts, that is to protect a debt-free spouse from having to assume the obligations of the other; - If you gave up a successful career to stay at home for your marriage, a Prenuptial Agreement can provide for the appropriate compensation in the event of divorce; - Define decision-making and the sharing of responsibilities for the marriage. Meanwhile, the drawbacks of a Prenuptial Agreement are that: - It's not romantic and may affect your relationship; - It might spoil the “honeymoon” mood, but as an alternative, a Postnuptial Agreement can be written after the marriage, when you feel the time is right; - Can somewhat engender a lack of trust between you two; - Depending on where you live, state laws may adequately address all of your concerns thereby eliminating the need for a Prenuptial Agreement; - A Prenuptial Agreement cannot include child support or child custody issues because they are issues of public policy; - A Prenuptial Agreement is designed to address financial matters rather than personal preferences; - Being too much “in love” could seriously affect your judgment when executing a Prenuptial Agreement; NOTE: A court can set aside any provisions it finds to be unfair or not in the interest of justice. A good Prenuptial Agreement attorney will know how to best present your rights and interests and create an accurate agreement. Find one at http://www.legalbistro.com!
