However, if couples can lean into these conversations at the beginning of their romance, they may find a calming sense of security. While planning for a possible marriage ending – an outcome that is not wanted or expected – can be a tad dry, the action of articulating the future through meaningful discussions regarding money, property, and finances before marriage, can bring its own sense of tenderness and newfound respect for the commitment that both individuals are entering into with marriage.
At Morneau Law, our attorneys can help guide you through the financial benefits of entering into a prenuptial agreement. There are many important legal issues that a prenuptial agreement can address beyond each individual’s financial interests in the event the marriage ends through death or divorce.
A prenuptial agreement is a contract that prospective newlyweds enter into before getting married. The terms of a prenuptial agreement are effective and binding after the parties are legally married. Typically, prenuptial agreements govern financial issues between the parties.
A postnuptial agreement is similar to a prenuptial agreement, but it is drafted after a couple gets married. Just like a prenuptial agreement, a postnuptial agreement can help couples make financial plans, and in the event of a separation, a postnuptial agreement can ensure a smoother process when dissolving the marriage.
Who should get a Prenuptial Agreement?
- If either of you have substantial assets and property.
- If either of you have significant debts and obligations.
- If you have been previously married and divorced or are marrying later in life.
- If you have children from a prior marriage.
- If you believe it would be beneficial to create guidelines and a framework for defining future property rights.
- If you want to be prepared for uncertainties in the law regarding division of real property, a business, other assets, rights to spousal support, etc.
How can a family lawyer help? Morneau Law attorneys can assist you with: