For many couples, the thought of getting a prenuptial agreement may seem unromantic and even unnecessary. Couples often make the mistake of leaving their assets unprotected because they tend to assume and hope that their marriage will and should last a lifetime. It is a well-established statistic that more than 50 percent of marriages in the United States end in divorce. In the event of a divorce, a prenup agreement can help protect your finances.
At Mushkatel, Gobbato, & Kile, P.L.L.C., we help couples protect their best interests. Our experienced prenuptial agreement lawyers understand that these situations can be delicate and sensitive. We help our clients understand their legal options and strengthen their financial future. If you are looking for more information about prenuptial agreements or other legal services, call us at (480) 467-3434 for an initial comprehensive consultation.
What is a Prenup?
A prenup, short for a prenuptial agreement, or premarital agreement, is a written contract that lists the inventory of each party’s assets and liabilities. It spells out how property will be shared once the two individuals are married and how the property will be divided in the event of a divorce.
The Purpose of a Prenuptial Agreement
A prenuptial agreement may benefit you in many ways. For example:
- Simplify court proceedings: Having a prenup agreement can greatly reduce the complications that may occur during a divorce.
- Peace of mind: It can be comforting knowing that you will not lose everything if you and your spouse decide to go your own separate ways.
- Protect your business from insolvency: You can lose your business if you get a divorce. Your spouse may be entitled to a large percentage of your company and you may be forced to liquidate. Your prenuptial agreement can set forth exactly how the business will be affected in the event of a divorce.
- Avoid hurting your children during the divorce: There are messy divorces that seriously affect minor children who become unwilling participants in the process. Having a written document about the care of the children can prevent this type of a contentious battle.
- Protect children from previous marriages: Through a prenuptial agreement, it is possible to pass property to children instead of to your spouse.
- Save on legal costs: In the event of a divorce, a prenup agreement can simplify the process by reducing legal costs.
Talking about a Prenuptial or Premarital Agreement
An experienced prenuptial agreement lawyer can help you and your partner determine what is best for your future. Because these types of agreements can be a difficult subject to discuss with your significant other, and many are worried that their partner might take offense even at the mention of a prenup agreement, a lawyer may be best situated to present the situation. It is important to remember that both parties must sign the prenuptial agreement. Therefore, it is only legal if both parties agree upon the terms.
Talk to a Sun City Prenuptial Lawyer Today for Free
The skilled Sun City attorneys at Mushkatel, Gobbato, & Kile, P.L.L.C. understand that prenuptial agreements settle important issues such as the property and debt brought to the marriage by each party, as well as considering property division after a divorce, and the possibility of future spousal support. For a consultation or to obtain more information about prenuptial agreements, please contact us at (480) 467-3434 to speak to one of our Sun City family law attorneys.
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