Marriage is a significant step in any couple’s relationship. Not only is marriage an emotional commitment, but it is a legal and financial one as well. Even if you are confident in your relationship, no one can predict what the future holds. Executing a prenuptial agreement can alleviate some of the anxiety associated with getting married.
Some people may view these contracts as unnecessary or insulting, but a legal agreement can safeguard your assets in the event of a divorce, severe illness, or death. Talk to a Connecticut prenuptial agreements lawyer today to learn how you can protect your rights before marriage. Our experienced family attorneys can help you draft a favorable agreement.
A prenuptial agreement, or prenup, is a legally binding contract that details how a person and their spouse will divide their assets and debts should they get divorced in the future. However, these contracts can address a variety of other potential marital issues.
Prenups can be used to waive or place limits on alimony should the parties get divorced. Premarital contracts can also include provisions regarding child custody and support, but all such terms will be subject to judicial review and are therefore not controlling.
Before drafting a prenuptial agreement, couples must prepare a comprehensive list of their assets and debts. An accurate and complete disclosure of assets, debts and incomes is a necessary element of drafting an enforceable prenuptial agreement. Any existing or future assets one party wishes to retain sole ownership and control of will need to be designated as separate property in the prenuptial agreement. A seasoned lawyer in Connecticut can provide couples with more information about the range of issues typically addressed in prenups.
There are many benefits to signing a prenup before getting married. For example, premarital contracts can be helpful if one or both parties have a business, real estate, or other property that they acquired before the marriage. Even in the absence of substantial wealth, a formal agreement can help couples prepare for unexpected life events.
As individuals are performing an exchange of financial disclosures, couples can gain a better understanding of their partner’s financial position, and become informed of any significant debts that they were previously unaware of. A prenup can provide individuals with clarity regarding what debts they may be responsible for during and after marriage.
With a written agreement in place, couples can mitigate future disputes and in the event of dissolution, provide for a quicker and less costly divorce resolution. Working with a skilled local attorney is the best way to execute an enforceable premarital contract that protects your interests.
No one wants to think of the prospect of divorce when planning a marriage, but prenups offer many benefits to engaged couples. Entering into a prenuptial agreement can help you protect your assets and avoid confusion and conflict in the event of divorce or death.
It is not advised that couples execute a prenup on their own as the ultimate contract needs to meet the statutory standard. A Connecticut prenuptial agreements lawyer can work with you to draft, review, and negotiate your premarital contract to ensure it meets your individualized needs. Contact us today to schedule a consultation and discuss your situation with an attorney.