If a couple is getting married, they are not thinking about getting divorced; however, it is important to consider getting an antenuptial, or prenuptial, agreements. These agreements are signed by the parties in advance of marriage and become binding on the date of marriage.
Prenuptial agreements typically include clauses which address what property will be ineligible to be divided upon divorce, but, can also include clauses pertaining to income, tax returns, managing of joint assets, managing household expenses, debt management, investing, business management, or how to settle disagreements regarding finances. Some people include clauses regarding children, spousal support, child support, alimony, and custody as well.
A prenuptial agreement exists to limit the disputes between the parties in the event of divorce, and to bind the parties by certain terms throughout the course of the marriage.
Having a prenuptial agreement which is well written can limit, or remove all necessity of, court intervention, therefore greatly minimizing the cost and stress associated with divorce. Prenuptial agreements can also ensure that the assets owned by each party will remain their sole and separate property, including any increase on those assets, in the event of divorce.
Prenuptial agreements are not just for the wealthy or for those who own businesses; anyone getting married should consider protecting their interests with a prenuptial agreement.
To schedule an appointment with one of our attorneys or for further information, call us at the Law Offices of Gregory P. LaMonaca, P.C., at (610) 892-3877