Couples who plan to marry should have a premarital agreement created, especially if this is not a first marriage or if they have considerable assets. Getting such an agreement done doesn’t mean the relationship is doomed to failure or that one or both people are not serious about getting married. What it does mean is that both parties are smart, planning ahead and want to prevent painful issues from possibly interfering with their lives.
Putting such an agreement together forces the parties to talk about their long range goals, finances, and about expectations for children. This can help clear the air on these vital topics and strengthen the relationship.
A premarital agreement can spell out who will be entitled to what property, assets, and debts if the relationship ends in a divorce. It can also cover child custody and visitation issues. A properly drafted agreement that’s fairly negotiated and agreed to by the parties avoids much energy, money, and misery being spent deciding the same issues during a contested divorce.
We help our clients negotiate, draft, and execute premarital agreements. We fully inform them of all the issues involved, the pros and cons of different approaches that may be taken, and make sure they fully understand the affect the agreement will have if the marriage ends in divorce.
If a person is getting divorced and feels the premarital agreement they signed in the past is invalid or wants to enforce such an agreement to prevent an extended divorce proceeding, we can help in those situations as well.
If you have questions about creating a new premarital agreement or questions about one that’s already been executed, call The Bloom Firm today. We can help you answer your questions and protect your interests.