Beverly Hills Prenuptial Agreement Lawyers Help Clients & Their Families Prepare for Their Future
Marriage is a sacred bond between two people. It is also a legally binding contract with potential financial pitfalls if the once happy union ends in divorce. This is where a prenuptial agreement could end up saving you from future financial ruin. Who gets the house? Will one spouse pay alimony to the other spouse? What happens to assets obtained prior to marriage? While getting married is meant to be a joyous time in a person’s life, it is no excuse to throw smart financial planning to the wind. With a prenuptial agreement lawyer, couples can create a legally recognized document to answer the big questions of property and asset division, spousal support, and other concerns should the marriage end in divorce.
What is a Prenuptial Agreement?
A prenuptial agreement is a legal document a couple agrees to before marrying. The document outlines important information regarding how property, assets, and debts will be handled should the marriage end in divorce. The document may also specify spousal support (alimony) details. It may also be used to establish the roles and responsibilities of each spouse within the marriage. With the help of an experienced premarital agreement lawyer, this document can be created to afford both spouses more confidence and security before entering a marriage.
Do I Need a Prenuptial Agreement?
If you are coming into a marriage with considerable financial status or multiple assets, the idea of prenuptial agreements may be a given. It just makes sense to protect your hard-earned success from future losses. What if you don’t have considerable wealth and assets? Do you still need a premarital agreement in place? Many people assume prenuptial agreements are only for rich people, but it is a document meant for anyone concerned about how assets will be handled in a divorce. Other people are worried asking for a premarital agreement will make it seem like they don’t have faith in the marriage succeeding from the start. It’s important to remember that a prenuptial agreement is meant to protect assets and prevent a divorce from turning ugly since there will be clear expectations, which means a prenuptial agreement could be seen as a sign of love. Sparing your spouse the headache of fighting in court over the house or paying alimony in a divorce is always a good reason to consider a prenuptial agreement. Even if you are unsure if a premarital agreement is right for your financial situation and relationship, it may be worth talking it over with prenuptial agreement lawyers. They will likely have insights into how a prenuptial agreement may best fit your situational needs.
Are There Different Types of Prenuptial Agreements?
While a prenuptial agreement is basically a document, there may be different clauses. For example, there may be what is called a “sunset clause” in a premarital agreement. This clause would terminate a prenuptial agreement after a certain date chosen by the couple. There is also an “escalator clause,” which stipulates that if one spouse has a significant increase in income or assets during the marriage, the other spouse will have an increase in support or assets in the event of divorce. With the help of a skilled prenuptial agreement lawyer, couples can create a document that works best for their situation and wishes.
Is a Prenuptial Agreement Lawyer Worth the Cost?
When considering the cost of a fancy wedding, adding one more cost to the bottom line may feel overwhelming. However, the potential financial impacts down the line of skipping a prenuptial agreement lawyer may be even greater than anticipated. In some states, in order for a prenuptial agreement to be a legally binding document, there needs to be a witness of legal counsel. Aside from making the document legitimate and able to hold up years later in a court of law, prenuptial agreement lawyers will also answer questions, make sure all the necessary legalities are followed and be there for clients every step of the way. Without an experienced prenuptial agreement lawyer, you may find yourself losing property and assets as well as paying alimony in the divorce. A prenuptial agreement simply provides more peace of mind about the future, especially when a family attorney in Beverly Hills is there to make the process even easier with their legal experience.
Do you need a prenuptial agreement? We’re here to help you make the right choice for your needs. Skilled prenuptial agreement attorneys can save you money and headaches in the future. Contact us at (310) 271-7675 today to get started.