With the rate of divorce on the rise the idea of a premarital agreement may have occurred to you. An experienced prenup attorney can help you decide if this is the right thing for you and can answer the often asked question, “What is a prenup agreement?” Contrary to popular belief, more and more average couples are exploring the possibility of a prenuptial agreement being an intelligent way to protect their assets.
Before getting married you may wonder, “What is a prenup agreement?” A prenup agreement, or premarital agreement, is a contract entered into by a couple prior to marriage that sets the terms of the financial consequences of divorce such as property division and spousal support. Most couples fear that considering a premarital agreement dooms a marriage from the beginning. This is typically not the case. Most couples find, after talking to a prenup attorney, that it actually strengthens their bond by allowing them to speak openly about what is most important to them in the marriage. It also helps to make the divorce process, if needed, much easier and less contentious.
The Uniform Premarital Agreement Act, or UPAA, was instrumental in making prenup agreements easier to understand while giving the judicial system groundwork for making decisions regarding prenups. The knowledge a prenuptial agreement attorney has regarding this act is often instrumental in creating a premarital agreement that is beneficial for both individuals. One very important thing to know before proceeding with a prenup agreement is that each side must have their own prenuptial agreement attorney. One attorney absolutely cannot represent both sides. While this is not intended to be a contentious process, it is in each person’s best interest to have a prenup attorney working to protect their rights in the case of a divorce.
Do you have questions about prenuptial agreements? Do you wonder “What is a prenup agreement?” Contact our firm to talk to a prenuptial agreement attorney today. Our prenup attorney is well versed in the laws that will protect your financial assets in case of a divorce!