Premarital (Prenuptial) Agreements
Many people believe that prenuptial agreements are only for the wealthy, land rich or “old money” families. Because a prenuptial agreement can address a wide variety of issues, anyone contemplating marriage should consider their individual situation and needs.
A prenuptial agreement can address the following, including but not limited to:
1. Rights and obligations concerning property, both community and separate property, such as management of the property and income from the property;
2. The disposition of property upon separation, divorce or the death of a party;
3. Spousal support, both temporary and permanent; and
4. Certain issues regarding children of the marriage and step-children, such as upbringing, education, residency, and college expenses, however, a prenuptial agreement cannot adversely affect the right to child support.
An enforceable premarital agreement can benefit both parties to the agreement and head off problems in the future, save time and money in the event of divorce and perhaps save a marriage.
Contact the Attorneys at the McCleskey law firm with your questions regarding prenuptial agreements.