There are many reasons why individuals enter into a prenuptial agreement. When thinking about prenuptial agreements, most people imagine a wealthy debutante who marries a poor man or a gold digger who is after a successful man's fortune. Of course, a prenuptial agreement may be warranted in these situations, but it may surprise you to learn that a prenuptial agreement can be a prudent request in many other, less nefarious situations.
THE VALUE OF PRENUPTIAL AGREEMENTS
- Are prudent for individuals who have children from a previous marriage, to ensure that the children are provided for in the event of a divorce or death
- Protect assets going into a marriage in the event of a divorce or death, or if your spouse dies and has debts, will protect your assets from creditors
- Clarify intent, assets and lay out what will happen should the marriage not last a lifetime
BOARD-CERTIFIED TEXAS PRENUPTIAL AGREEMENT LAWYER
We understand that it is difficult to fathom not spending the rest of your life with the person you are going to marry. But the fact is that a large majority of couples end up divorcing, and many of those are amicable divorces in which couples simply drifted apart, each person developing different sets of interests. It is prudent to enter into a prenuptial agreement, especially if there is a disparate distribution of wealth and assets, so that each party understands and agrees to the terms beforehand should the marriage not last.
CHANGING AN AGREEMENT
Prenuptial agreements can be written to change with the passage of time. For example, after five years your spouse could receive a percentage of your estate or protected assets. You could even include a provision that would terminate the prenuptial agreement after enough time has passed that you are satisfied the marriage will last a lifetime or if children are born into the marriage. Existing agreements can be modified or redrafted to reflect your current situation.
Regardless of your circumstances, we can help you understand a prenuptial agreement and advise you of its benefits and limitations so you can make an informed decision.
PROTECT YOUR INTERESTS
John J. Pfister, Jr. in Frisco, Texas is Board Certified in family law by the Texas Board of Legal Specialization. Contact us today or call (972) 370-5172. We will help you draft or review a prenuptial agreement. Serving Collin County, Denton County, Dallas County and Tarrant County.