With the rate of divorce on the rise the idea of a premarital agreement may have occurred to you. An experienced prenup attorney can help you decide if this is the right thing for you and can answer the often asked question, “What is a prenup agreement?” Contrary to popular belief, more and more average couples are exploring the possibility of a prenuptial agreement being an intelligent way to protect their assets.
Many couples have asked themselves “What is a prenup agreement,” before getting married. A prenup agreement, or premarital agreement, is a binding legal contract that specifically sets the parameters for how financial assets are divided in the event of a divorce, most commonly property and spousal support. A common fear is that the mere consideration of a premarital agreement is an admission that the marriage is doomed to failure. Most couples find this is not the case. In fact, their relationship is strengthened by the honesty and respect for each other’s personal financial autonomy. It is generally agreed that a prenup agreement is insurance for a smoother divorce process if divorce ever becomes an option.
The Uniform Premarital Agreement Act, or UPAA, helped provide attorneys and judges with a more standardized way of creating and assessing prenup agreements. A prenuptial agreement attorney has the knowledge and experience to help you author a premarital agreement that is positive for both parties involved. An essential fact about creating a prenup agreement is that each person must retain his or her own prenuptial agreement attorney. This is not meant to drive a couple apart, but it is important to have your own prenup attorney to represent your interests.
Do you have questions about prenuptial agreements? Do you wonder “What is a prenup agreement?” Contact our firm to talk to a prenuptial agreement attorney today. Our prenup attorneys are well versed in the laws that will protect your financial assets in case of a divorce!