Prenuptual & Postnuptual Agreements
Believe it or not, nearly 50 percent of all marriages end in divorce. Most end in expensive legal battles that cost tens of thousands of dollars in legal fees, emotional distress and chaos.
Now more and more couples are signing prenuptial marriage agreements before they marry. Although not very romantic, having this honest financial discussion prior to a wedding ceremony can be a very positive experience.
Most people believe premarital agreements are only meant to allow both parties to keep their own assets if the marriage fails or for couples who are just dealing with financial inequality or have a lot of wealth. However, a premarital agreement can also preserve family ties and inheritance and can provide children the right to receive the assets, if both parents pass away.
A premarital agreement can cover many areas, so it is important to determine what you should and should not include in the agreement. Both parties should have the agreement reviewed by an attorney to ensure that each understands the contract you are entering into and the court is more likely to enforce an agreement where both parties had legal representation.