Benefits of Prenuptials

Benefits of Prenuptials

The benefits of a prenuptial agreement cannot be overstated. Although many divorces do not end up in court, they can still be extremely costly. Most people overlook the fact that marriage is a communion of property.

Deciding who receives what property can be a painstaking process requiring a lot of time and money. Lawyers can charge an average of $200 an hour to solve these problems for you. The minimal time investment of a prenuptial now can save you the potential cost and hassle of a difficult divorce later.

Prenuptial agreements primarily deal with couples who want to keep property separate and avoid court distribution in the event of divorce. Any kind of property can be included in the agreement, such as homes, automobiles, stocks, checking accounts, business interests and personal belongings. Debts can also be categorized as separate property. This prevents one spouse from being liable for the debts of the other should the marriage dissolve.

  • Definition of a Prenuptial Agreement
    A prenuptial agreement is entered into before marriage. This agreement can set forth what will happen to your and your spouse's assets and income in the unfortunate event of divorce, separation or death. Most importantly, a prenuptial agreement can preserve the nature of property in the...
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  • Benefits of Prenuptials
    The benefits of a prenuptial agreement cannot be overstated. Although many divorces do not end up in court, they can still be extremely costly. Most people overlook the fact that marriage is a communion of property. Deciding who receives what property can be a painstaking process requiring a lot...
    read more
  • Validity of Prenuptials
    The courts typically uphold prenuptial agreements unless one person shows:
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  • Community Property and Equitable Distribution in a Prenuptial Agreement
    To understand what a prenuptial agreement can do, it is important to understand community and separate property. Community property is observed in the following states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. All other states follow equitable...
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  • Separate Property in a Prenuptial Agreement
    The rules of community property and equitable distribution only apply to income and assets earned or acquired during the marriage. Separate property is everything a husband and wife own separately. In most cases, separate property includes:
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  • Child Support and Spousal Support in Prenuptial Agreements
    No state allows limitations on child support payment amounts in a prenuptial agreement. Child support payments are defined by state guidelines. On the other hand, spousal support waivers vary from state to state. States which follow the Uniform Pre-Marital Agreement Act permit the waiver of...
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