Prenuptials.
Getting married is a time of joy. Conley Law LLC understands this but also is experienced with helping couples think through their future even though these conversations can be awkward and difficult.
A prenuptial agreement is a contract between two people prior to marriage. Also, a formal written agreement can be done after marriage as a post-nuptial/marital agreement. These agreements address property and financial issues in the event of the couple’s divorce and they can provide reassurance for those who enter into marriage.
Why do a Prenuptial Agreement?
Protection of Assets – family inheritance, entrepreneurial activities, large net worth, and privately owned real estate.
Limit of Debt Liability – personal or business loans, gambling, credit cards, and other obligations.
Stats.
5-10% of Americans marrying Americans seek a prenuptial agreement.
15% of people who have been through a divorce regret not having a prenuptial agreement in place.
44% of singles believe that having a prenuptial agreement is a good idea before entering into a marriage.
The three top reasons why a prenuptial agreement is put into place are to provide protection of separate property, alimony/spousal maintenance, and the division of property.
[Source: BrandonGalle.com]