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Posts tagged "Prenuptial Agreements"

Protect a business with a prenuptial agreement

As you approach marriage, there is often something intoxicating about joining your life together with another person and building a future together. This joy, however, may be short-lived, especially if you do not protect each spouse's most precious assets. The greater the assets held within the marriage, the more strain that often comes to the marriage, so it is always wise to consider a prenuptial agreement.

Have you and your future spouse talked about money?

One of the greatest advantages of creating a prenuptial agreement with your spouse-to-be resides not in the actual terms you reach in the agreement, but in the process you and your spouse must walk through to create a truly strong agreement together. Prenuptial agreements are useful to many different couples for a variety of reasons, but the ancillary benefits to your relationship can be among the best aspects of the process.

Protect your marriage from money conflcts

Prenuptial agreements are not only useful in the event of a marriage falling apart, they can be exceptionally helpful for couples who come to the relationship with differing understandings of personal financial responsibility. In this way, a well-crafted prenuptial agreement can help two individuals create boundaries for each other so that the money-related disagreements that destroy many marriages never have to become an issue.

Prenuptial agreements and outside parties

Even a well-constructed prenuptial agreement may not be legally binding in some cases, such as if the contents of the agreement exceed the boundaries of what a court wishes to enforce. This is especially true if the agreement contains language that affects individuals who are personally party to the agreement. In many cases, this involves the rights or privileges of children, or of employees of the couple.

Can a postnuptial agreement strengthen my marriage?

Prenuptial agreements are thankfully gaining popularity and shedding many years of unfair stigma, shedding light on their less common cousin, the postnuptial agreement, in the process. A postnuptial agreement offers some of the same protections that a prenuptial agreement does, but operates a bit differently.

Is our prenuptial agreement valid?

Creating a prenuptial agreement is an excellent way for you and your partner to understand each other's financial lives and practice working together in a possibly uncomfortable environment. Truly, the benefits of creating a prenuptial agreement with your spouse cannot be overstated — unless the agreement is ultimately unenforceable. Unfortunately, many prenuptial agreements crumble when they are called upon because of some error in creation.

How can a prenuptial agreement protect me from my partner's debt?

Many couples choose not to create a prenuptial agreement because they feel as though, somehow, doing so weakens their marriage before it even begins. This is simply not true! In fact, creating a prenuptial agreement can offer you and your partner vital protections even if you never get divorced.

How can I protect my business in my marriage?

If you are a business owner approaching marriage, then you should certainly consider the protection that a well- crafted prenuptial agreement can provide both you and your spouse-to-be. Businesses (as well as business debts) can be considered marital property that must be divided upon divorce, which could be a death sentence for your business. If you have to divide up your business in a divorce, you may leave your employees and customers hanging out to dry because of your personal relationship difficulties — and no one wants that.

Rushed marriage for citizenship? Consider a prenup

Citizenship and residency in the United States have become hot-button issues in recent months, as many immigrants and legal residents of the country are facing the very real possibility of deportation. As a response, many citizens in relationships with non-citizens have suddenly felt a strong motivation to accelerate their plans and marry each other sooner than later to combat the threat of losing the one they love. Of course, hastily marriages are especially susceptible to many of the issues that tear couples apart. If you are considering marrying a non-citizen, you should seriously look into a prenuptial agreement to ensure that you both remain protected if the marriage does not last.

Can a prenuptial agreement protect an engagement ring?

Prenuptial agreements are often considered to affect only issues inside a marriage, but for many individuals, the risks begin well before wedding vows are given. If you have spent a significant amount of money on an engagement ring, you may want to make sure that you can reclaim the ring if the wedding never occurs. Every year, thousands of couples throughout the country choose to end engagements without marrying, often creating tensions about rings that may have cost thousands of dollars.