What is a Free Trader Agreement and do I Need…
Prenuptial Agreements Growing in Popularity
Are you wondering if you need a prenup? The use of prenuptial agreements is on the rise. While it may not seem very romantic, more and more people are using these agreements to determine how property will be divided, whether alimony will be paid, and how other issues will be handled in the event of a divorce. Discussing these issues may not be much fun, but it can be worthwhile because it can prevent a lot of chaos in the future.
Prenups Not Just for the Rich and Famous
In the past, prenups were often thought of as something only the rich needed; however, that is no longer the case. Prenuptial agreements have shed this reputation and are now an important part of the wedding planning process for many millennials. Experts say this is due to two factors. (1) People are now marrying later in life and have typically acquired more assets, and (2) many millennials feel as though they should protect their assets because they witnessed their parents go through a nasty divorce.
What to Know About Prenuptial Agreements
If you are considering getting a prenup as part of your wedding planning, there are a few things you need to take into consideration:
- Prenups must be put in writing and both parties must sign them.
- Both parties are required to agree on the prenup voluntarily.
- There must be a reasonable and fair disclosure made of all property and financial obligations of the parties.
- A prenup cannot eliminate the right to child support.
- The prenup will become effective when the couple marries.
How to Get a Prenup
Most prenuptial agreements are negotiated by the couples with the help of a family law attorney. They are complex legal documents, and your attorney can help you work through any bumps in the process, such as not being on the same page as your fiancée about the terms of the agreement or new debts and assets that have not previously been disclosed.
Contact an Experienced Family Law Attorney Today
If you are in the process of planning your wedding, you need to consider a prenuptial agreement as part of that process. If you are wondering how to get a prenup, The family law attorneys at Helms Robison Lee & Bennett, P.A. will review the options available with you and help you ensure that your future is secure when you tie the knot. Contact us today to schedule a consultation.Back to all blog posts