Prenuptial agreements, also known as “prenups” or premarital agreements, are popular legal steps taken by loved ones before marriage. In the event of a divorce, a prenuptial agreement establishes the financial and property rights that protect each partner. Since about a half of the marriages in The United States end up breaking, it is sometimes very important to consider a prenuptial agreement. Prenuptial agreements are often used to serve many important functions but most importantly, they can be used to protect family businesses or the assets of wealthy spouses.Legal Requirements of Prenuptial Agreements
Each state comes with its specified legal requirements for a prenup agreement. Therefore, you should be familiarized with the legal requirements to determine whether it is the right one for you. Our prenuptial agreement lawyers are here for you in case you are not certain or need advice whether you need a prenuptial agreement. You can consider discussing the same with your future spouse and arrive at a decision that will determine your future endeavors. Therefore, if one or more of the following is true, then you might want to consider a prenuptial agreement:
- You have loved ones or parents who might need their financial future to be secured.
- You have valuable property such as savings, stocks, or real estate.
- You own your own practice.
- You have or will possess a degree or license in a promising position.
- One of your plans is to support your spouse financially through post-secondary education.
- One of you is much more affluent than the other.
- You are looking forward to seeing a large increase in income.
- You may receive a large inheritance.
- You own or co-own a business or businesses.
- What is included in a Prenuptial Agreement?
Hence, there are many things that one can easily accomplish using a prenup agreement. Consequently, it is equally important that you understand what the prenuptial agreement can help you do. In addition to the above, a prenup agreement can help you:
- Keep property in the family
- Provide for children from prior marriages
- Protect each other from debts
- Keep finances separate
- Make rules about non-financial matters
- Give up the right to alimony this only legal in a few states
- Restrict child support, custody, or visitation rights
Leading Rancho Cucamonga Prenuptial Agreements Lawyer Frank J. Prainito is experienced, creative, thorough, compassionate, and an expert litigator.
Serving the Inland Empire and Southern California, contact the Law Office of Frank J. Prainito online or call (909) 481-3626 to discuss your legal matter. Our Rancho Cucamonga Lawyer can help you in matters of Probate, Estate Planning, Family Law and Divorce.