The Basics of Prenuptial Agreements

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The Basics of Prenuptial Agreements

Sunday, June 22nd, 2008 Subscribe To Our Feed

A Prenuptial Agreements is no longer just for the wealthy. Today, folks of all economic backgrounds and in all situations are deciding to legally clarify their rights and responsibilities before they get married. It can also clarify in advance how property and assets will be divided should the couple decide to divorce.

In a nutshell, a prenuptial agreement is a written contract created by a couple before they are married. It usually lists the assets and debts of both parties, and also states what each person’s property rights will be after the marriage ends, either through divorce or death.

People in numerous situations are beginning to see the positive benefits of a prenuptial agreement. It’s no longer limited to the wealthy.

Prenups allow couples with blended families to pass on assets and property to their children while still providing for each other. In this situation, a prenuptial agreement protects the children of the deceased spouse. It can also prevent the assets and property from passing to the surviving spouse.

Prenups can also clarify the responsibilities and the financial rights of each party during the marriage. Consider the situation where one spouse has significant debt. A prenup can protect the other spouse by removing the responsibility of the debt that may have been incurred before the marriage.

Prenuptial Agreements can also help couples separate more amicably and with less stress should they divorce. While there are still a few states that won’t allow a spouse to give up rights to alimony (sometimes called spousal maintenance) a prenuptial agreement can address whether or not the spouse will receive alimony.

A prenuptial agreement can benefit anyone, and does not indicate that you and your spouse are not fully committed to honoring your marriage vows! On the contrary, a prenup allows the couple to spell out what they expect from each other financially, and creates a more harmonious union with fewer conflicts, now and in the future.

About the Author: If you’re trying to find divorce attorneys in Austin visit AustinDivorceHelp.com. Learn the basics of divorce for free by watching the Austin divorce seminar anytime.

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Complete Prenuptial Agreement Kit (Book & CD-ROM) (Write Your Own Prenuptial Agreement)