Is a Prenuptial Agreement for You? ~ Los Angeles Lawyer Articles

Wednesday, September 25, 2013

Is a Prenuptial Agreement for You?


You don't have to be a multimillionaire or a celebrity to get a prenuptial agreement. Any person who earns well or believes that his potential to earn significantly will increase in the near future, should get a prenuptial agreement to protect his interests.
Prenuptial agreements are also highly recommended if you own your business, or are part of a business, or have other assets that can be at risk of division in the event of a divorce.
Ideally, a prenuptial agreement is highly recommended if one of the partners has a vastly different financial situation from the other. In other words, if your partner or spouse earns much less than you, then a prenuptial agreement will protect your financial interests.
Prenuptial agreements are not just for those who want to protect their rights in the event of a divorce. It is also for those who want to outline and define their financial obligations and responsibilities over the course of the marriage. For instance, you want to divide how the bills will be paid, and a prenuptial agreement can help you do that.
You also need to get a prenuptial agreement if this is your second or third marriage, and if you are bringing children from a previous marriage, or your assets that were accumulated previously into your current marriage.
If your partner has any kind of debt, you may want to consider signing a prenuptial agreement, in order to avoid being saddled with his or her loans in the event of a divorce. This can happen very easily, and a prenup can help protect against any liability from the debts that a spouse brings into the marriage.



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