There is a misconceived notion that asking for a prenuptial agreement or discussing it in some way implies distrust or concern over your relationship. This isn’t true! There are a significant number of benefits to obtaining a prenuptial agreement that the attorneys at ERA Law Group, LLC want to bring to your attention for this week’s #FamilyFriday article!
Marriage is both a romantic and business relationship. With very few exceptions nearly everything is or becomes marital. As such, nearly everything can become subject of costly litigation in the event of divorce or death. A well drafted and all-inclusive premarital agreement will limit many of these issues. For example, the agreement will identify what is and is not marital property, each parties’ rights in the event of death or divorce, predetermine rights and obligations for spousal support, inheritance, and more. In addition, the agreement will have a complete financial disclosure including each spouses’ assets, liabilities, and income.
There are two ways to dissolve a marriage: divorce and death. Prenuptial agreements help in making the dissolution as easy as possible. Prospective spouses should consider whether they want to be on the hook for their partner’s debt in the event of divorce or marriage? Whether they want their spouse from a second marriage to inherit more than their children from their first marriage? Whether they want their private business to be impacted in the event of divorce or death?
Why wait? Protect you, your spouse, and your family no matter what life throws at you. Call ERA Law Group, LLC today at (443) 906-3566!