Franklin Prenuptial Agreement Attorney
When you think of prenuptial agreements, you may think of legal documents for the rich. While those who are wealthy do tend to use prenups at high rates, anyone of any financial background can use them.
A prenuptial agreement is a legal document created by a couple before they get married. A prenup lists a person’s assets and debts and specifies what will happen to them in the event of a divorce. Many people use a prenup because it overrides state laws. A person worth millions of dollars may not want their spouse to get half of that money should the marriage end. By creating a prenup, both parties agree to its terms.
A prenuptial agreement can be created any time before marriage. However, it is usually recommended that it is created at least a month before marriage so that the other party has a chance to get the prenup reviewed by a lawyer.
If you are considering a prenuptial agreement, contact the Franklin prenuptial agreement attorneys of Beal, Nations & Crutcher today. We’ll create a contract that meets your needs but is fair to both parties involved.
Reasons for a Prenuptial Agreement
While a person can get a prenup for any reason, here are some of the most common reasons to do so:
- Avoid arguments. Property division is a major cause of arguments in a divorce. A prenup can help you split up property ahead of time and allow you both to agree on it before you get emotional over a divorce.
- Pass on property. If you have children from another marriage, a prenuptial agreement can help ensure they get certain assets in the event of your death. A prenup can override state laws to ensure your spouse does not receive everything.
- Protect against debts. Don’t want to be responsible for your spouse’s debts? A prenup can outline your responsibilities and address other financial issues for peace of mind.
- Clarify financial rights. You can use a prenuptial agreement simply to clarify your rights and responsibilities during a marriage, regardless of your financial status.
What Makes a Prenuptial Agreement Valid?
Your prenuptial agreement must be valid in order to be enforced. Here are the rules it must follow:
- It must be written—oral contracts are hard to enforce.
- There must be full disclosure of assets and debts.
- Each party must have access to legal counsel.
- It cannot include personal matters, such as who does the chores and where to spend the holidays.
- There must be no coercion—both parties must willingly enter the contract.
Contact Us Today
Prenuptial agreements were once reserved for the rich, but now anyone can take advantage of the benefits. These legal documents can protect your assets in the event of a divorce.
The law firm of Beal, Nations & Crutcher can assess your situation and help you draft a prenuptial agreement that is enforceable in court. Schedule a consultation today by calling our office at (615) 861-2304.