If you are planning to get married soon, you likely have many priorities to consider in advance of one of the most special days of your life. While the discussion of a prenuptial agreement may or may not have entered the picture when talking over plans with your soon-to-be spouse, this is a vital aspect for many couples preparing for marriage.
There is a common misconception that prenuptial agreements are designed only for high-net-worth individuals. However, that is not the case, as prenuptial agreements can be advantageous for any couple that wishes to clearly delineate their respective rights and responsibilities pertaining to assets, debt, and other important concerns.
An Upper Marlboro men’s prenuptial agreement lawyer could evaluate your specific situation and provide advice tailored to your case. Let our men’s divorce and family attorney answer your questions and help you create a prenuptial agreement that details the breadth of your concerns.
When to Establish a Prenuptial Agreement
There are many circumstances in which it could be advisable to contact an Upper Marlboro men’s lawyer about establishing a prenuptial agreement. While discussions about a prenuptial agreement often arise in situations where one or both parties have significant net worth, there are many other scenarios in which it may be wise to consider one.
Prenuptial agreements put up legal safeguards to protect family-owned assets such as heirlooms, companies, or other family property. These agreements can also be extremely beneficial in delineating how property should be divided and distributed in the event of the breakdown of the marriage. For example, a prenuptial agreement can feature provisions for assets ranging from homes, cars, boats, jewelry, and electronics to bank accounts, retirement accounts, and stock holdings.
Prenuptial agreements also commonly include provisions for alimony or spousal support if the marriage ends. Individuals who have children from a previous relationship or plan to have children with their future spouse may also find that a prenuptial agreement is warranted. For example, a prenuptial agreement can outline the share of the estate to which the future spouse as well as any surviving children are entitled, if any.
Enforcing a Prenuptial Agreement
An Upper Marlboro men’s attorney could help to establish a prenuptial agreement that is not only exhaustive in nature but conforms with the state’s legal standards in full. To be binding, a prenuptial agreement must be in writing and signed by each party and must also contain a complete list of assets and debts belonging to each person.
If either party fails to disclose the extent of their property or assets in the prenuptial agreement, it could be null and void. If the prenuptial agreement is unduly unfair to one side or the court has reason to believe it was created under duress or coercion, this could also void the document.
Additionally, certain provisions cannot be incorporated into a prenuptial agreement. For example, these agreements cannot delineate how child custody or support will be granted.
Contact an Upper Marlboro Men’s Prenuptial Agreement Attorney
Having a prenuptial agreement in place is not an admission or plan that you intend to end your marriage in the future. Instead, it can alleviate potential worries that could cloud your interactions with your spouse, give you greater peace of mind, and ensure there is no doubt or vagueness regarding what you are entitled to or obliged to do as it relates to financial interests or otherwise.
Whether you have significant or more modest assets at stake, businesses you own, intellectual property you want to protect, or anything else particular to your circumstances, an Upper Marlboro men’s prenuptial agreement lawyer could help you outline these issues in a legally binding contract. Call the office today to speak with our team and to find out more about your legal rights and options.