A prenuptial agreement is a contract that is created between two people before they are married that addresses a number of issues and how they will be handled should the marriage end in a divorce. Of course no one enters a marriage under the assumption that it will come to an end, but it’s imperative that you protect your assets and also put yourself in a position that allows you to receive your fair share in the event that the marriage is terminated. In this blog, we explain why couples should sign a prenuptial agreement before getting married.
Keeps Assets Separate
It’s very likely that you spent the years leading up to your marriage acquiring a number of valuable assets. Furthermore, as a married couple, you and your spouse will continue to bring in additional assets, including income such as income and property. While state laws regulate what is and is not considered a marital asset, you’ll have to prove what was yours before being married. A prenuptial agreement can help you avoid having to fight in court to prove what you are entitled to.
By signing a prenuptial agreement, you are placing a limit on the responsibility you owe to handling your spouse’s debt at the time of your divorce and during the marriage. Trying to figure out how debt should be handled and who is liable for paying it off can often lead to extensive litigation, which can be costly.
Divorce Settlement Negotiations
Above all, a prenuptial agreement clearly defines who gets what. Without a legally binding prenup, it’s up to the state and the court to decide what happens to your assets – settling under these terms can often end in unfavorable and unreasonable results.
Call Murphy & Rudolf, LLP for Assistance with Your Prenuptial Agreement
At Murphy & Rudolf, LLP, our Worcester family attorneys go above and beyond to develop a personal relationship with each client to get to know their story, their goals, and their concerns. We have more than 50 years of combined legal experience and offer the highest standards of care and attention. To learn more about our unparalleled legal services, we urge you to contact our firm today.
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