Protecting Premarital Assets - An Overview



What Is a Prenuptial Marriage Contract?

Are prenuptial marital relationship agreements a death knell for romance? Or are prenuptial arrangements useful solutions to handling the bothersome topic of financial resources in a marital relationship?


More and more couples are signing prenuptial marriage arrangements before they marry. They are much more popular when couples are remarrying for the 2nd time. These are not just couples handling monetary inequality, or couples who have a lot of wealth. These are couples who want to put all their monetary cards on the table prior to they walk down the aisle.


A prenuptial marriage agreement is a signed and notarized agreement that define how a couple will handle the financial elements of their marital relationship. Although not very romantic, having this truthful monetary conversation prior to a wedding ceremony can be an extremely favorable experience.

According to the site FindLaw.com, "Premarital agreements (also called prenuptial contracts or "prenups") are a typical legal action taken prior to marriage. It's often prudent to at least think about a prenuptial arrangement."


Pros of Prenuptial Agreements

- Having a prenuptial marital relationship agreement does not imply that a couple is expecting a divorce.

- Financial matters that requirement to be dealt with are faced.

- Prenuptial agreements can protect family ties and inheritance.

- If your future partner will not sign a prenuptial marital relationship agreement, it may be best to discover this prior to the wedding event.

- The monetary wellness of children from a previous marriage can be safeguarded.

- Personal and service properties collected before your marriage are protected.

- A prenup puts financial expectations out on the table prior to your wedding event.

- A prenuptial marital relationship agreement spells out which possessions a spouse may wish to provide to children or other relative in case of death.

- In the occasion of a divorce, a prenuptial arrangement eliminates battles over possessions and financial resources.



Cons of Prenuptial Agreements

- Prenuptial marital relationship arrangements can be set aside for failure to disclose all properties, or if there is proof of fraud, duress, unfairness, or absence of representation at the time of signing the contract.

- They are unromantic and can cause severe friction in the relationship.

- Prenups can give the appearance that there is an absence of trust between the partners.

- A prenuptial agreement might produce resentment in between partners.

- A prenuptial marriage agreement makes it appear like there is a lack of a lifetime dedication to one another.

- Some individuals look at doing a prenup as "preparing the divorce" prior to "planning the wedding event."

History of Prenuptial Agreements:

Nuptial contracts have been around for thousands of years. If he passed away or divorced her, she could lose whatever.

Community Property States.

Neighborhood residential or commercial property states in the United States are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin, and the territory of Puerto Rico. Their laws mention that residential or commercial property accumulated throughout a marriage would be divided equally in the event of a divorce. Other states have a policy of dividing possessions on an equitable circulation basis.

Things to keep in mind About Prenuptial Agreements

- Discuss the agreement early in your relationship. Do not wait till you are ready to walk down the aisle.

- Be sincere. Do not attempt to hide your ideas, feelings or properties

- Hire different attorneys so you both have excellent representation.

- Consider asking both attorneys to provide an affidavit of independent legal counsel. Keep the affidavits with the initial prenuptial document.

What If You Both Completely Disagree on Getting a Prenuptial Agreement?

If among you is totally versus getting the prenup and the partner is totally adamant about getting one, you might end up separating. It's unfortunate if you can come to some contract that is fair to both of you, however in some cases that holds true. Only you can decide if this bone of contention is an offer breaker go here for you.

For more information, contact:

Douglas Crawford Law
1404 S Jones Blvd
Las Vegas, NV 89146
(702) 383-0090



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