While no one wants to think about the breakup of a marriage before their wedding even takes place, having a prenuptial agreement could make the difference in your lifestyle and financial well-being if such a breakup does occur. As dedicated and experienced Arlington divorce attorneys, the legal team at the Law Offices of David Kohm shares these tips about when an individual should consider a prenup.
Why to Consider a Prenup
A prenuptial agreement reduces the amount of emotion that surrounds the end of a marriage or a contested divorce. It acts as a form of insurance or like a business arrangement between the two parties. These types of agreements have been used for thousands of years in nearly every culture. In society today, however, this agreement must be handled legally by a licensed lawyer and accepted by a court.
What a Prenup Protects
A person does not have to be a multimillionaire to benefit from a prenup. A prenup protects tangible assets such as a home, car, or boat; retirement investments; and ownership in a business. It also can protect a person from losing future increases in income or an inheritance.
When to Consider a Prenup
There are many situations in which a person might want to consider a prenup:
- When one of you has children from a previous relationship
- If you are pursuing a career in a high earning field such as medicine
- When one partner is much wealthier than the other
Who Gets Prenups
All types of people get prenups. In fact, it’s common for people in the following situations to get a prenup before marriage:
- People who are caring for their elderly parents or relatives
- One partner is putting the other through college
- People who anticipate a large future income increase
At the Law Offices of David Kohm, the team of matrimonial and family law experts offers legal services to those who need more information or are considering a premarital agreement. By following the proper legal procedures, David Kohm can help protect your financial future. Call the attorneys today at 817-204-0900 for more information about prenup services.
