Those looking to get married in Tennessee or any other state may benefit from creating a prenuptial agreement. However, once the marriage becomes official, it is not possible to amend that agreement. Instead, it is necessary to create a new pact that addresses any issues that have come up since the marriage occurred. For instance, if a person received an inheritance, an arrangement created by a married couple could say that it is separate property.
Tennessee fans of the TV show "Jersey Show" may have heard that Jenni "JWoww" Farley filed for divorce from her husband of three years, Roger Mathews, in September 2018 on the grounds of irreconcilable differences. She asked for primary physical custody of their children with visitation rights for Mathews. She also asked for child support and that their prenuptial agreement be upheld.
Very few couples plan to get a divorce when first getting married, but financial advisers say that getting a prenuptial agreement is in everyone's best interests. Rather than being subject to the laws of Tennessee or another state, couples can establish the terms of their divorce on their own independently. Prenups have become more common in recent years, and they are most popular in second marriages and with couples who have business interests.
When Tennessee students think about getting married, they may not think that prenuptial agreements may be useful for them. Many consider prenups to be a matter for people with significant family wealth or celebrity. However, in practice, these agreements can be a wise choice for people across the financial spectrum. Prenups have become more popular as many people choose to marry later in life. By the time many couples come together, they may already have children, including kids from previous relationships. They may have homes, own businesses or be well on the road to a lucrative career.
From Tennessee to Silicon Valley and beyond, divorce can be a difficult, messy process, especially when high-value assets are involved. Because marriage is considered a legally binding contract, the dissolution of the marriage often means that the contract becomes null, but the assets accumulated during the period of the contract are to be split as they were acquired during the contract period. To remedy this potential problem, some couples turn to prenuptial agreements before tying the knot.
When older couples get married in Tennessee, they often have financial concerns that younger couples don't. As a result, seniors who enter a "gray marriage" may consider taking legal steps that can protect their financial interests and solidify their estate plans.
Prenuptial agreements may be an effective tool for Tennessee couples who are looking to define the terms of their relationships. However, changes to the tax treatment of alimony may alter the discussion as it relates to what should be included in a specific agreement. Of course, alimony should be just one part of the financial talks that take place prior to negotiating and signing such a pact.
The announcement of an engagement represents an exciting event for Tennessee couples. These feelings could make you feel uncomfortable about suggesting a prenuptial agreement, but many people have practical reasons that motivate them to negotiate the terms of a divorce in advance. Although you feel optimistic about your future, taking steps now could prevent prolonged disputes in the event that your marriage does not work out.
For many Tennessee couples, the thought of creating a prenup is simply repellent. However, such a document can actually be an effective tool to bring a couple together. For those who have assets, a prenup could set up reasonable financial protection. By working together to create the document, couples can create their vision for the future before they get married.
Millennials in Tennessee and elsewhere may decide that a prenuptial agreement is a key part of their wedding preparations. A survey conducted by the American Academy of Matrimonial Lawyers found that more than half of respondents said that such agreements were being requested among those 18 to 34. This is partially because Millennials tend to get married later in life and want to protect assets.