Some people believe that a prenuptial agreement has to be fair to both parties for it to be legally binding. It is meant to protect assets that people own and help with the division of property during divorce. But they think it has to do so evenly or the court is...
Your partner asking you to sign a prenuptial (prenup) agreement can result in different emotions. While this is understandable, it’s crucial to be cautious about your next steps after this conversation. Consider doing these: Don't get upset The person you hope to...
Having a prenuptial agreement in place can be very beneficial if a couple decides to get divorced. They can sign a prenup when they are still on good terms, right before getting married, and make many decisions in advance. They may not be on good terms when they’re...
Why do people fear divorce? Besides representing the end of a dream, divorce means dealing with an often messy situation when it comes time to divide the marital assets and settle issues of spousal support. Despite what hopes people have when they meet at the altar,...
Prenuptial agreements have an unfairly negative reputation. People historically used to think of them as a sign that someone engaged to be married doesn't expect the relationship to last. However, with more families having two wage earners and divorce being a very...
While it’s hard to imagine, marriage doesn’t always last until death. Nearly half of all marriages end in divorce. There are all kinds of reasons people get divorced, such as infidelity, spousal abuse, parenting differences and financial troubles. Many people prepare...
Prenuptial and postnuptial agreements essentially serve the same basic function: They help define ownership of assets in case a marriage goes sour. While business owners and wealthy families often use them to try to avoid unnecessary drama and litigation over the...
A prenuptial agreement may seem like the least romantic thing when you are planning your wedding. After all, you are getting married for better and for worse – and “until death do you part.” However, adding a prenup agreement to your pre-marriage to-do list can be an...
We’re living in the midst of what has been called the “Great Wealth Transfer.” People born in the 1960s and earlier are expected to pass on anywhere from $30 to $68 trillion to their adult children. It’s only natural that some families are concerned when a young...
While the prenuptial agreement has historically suffered from a bad reputation, in recent years, couples have started seeing the document in a new light. Premarital contracts allow the couple to clarify the intangible financial assets and the real property each party...