The Importance of a Premarital Agreement

You have found that special someone to spend the rest of your life with. It is the romance that you dreamed you would always have. While you make your plans to walk down the aisle, you also need to discuss each other’s financial status and future financial expectations and discuss a Premarital Agreement.

Premarital or Prenuptial Agreements (sometimes people refer to this as a Prenup) allow couples to openly discuss the financial arrangement of their marriage. In the event your marriage ends in divorce, it also provides a solution to limit expense and protracted litigation.

There are certain things you cannot contract for in a premarital agreement. Particularly future child support and future custody. However, you and your future spouse can choose to agree to waive spousal support, maintain separate accounts as separate property, confirm separate property assets, business interests, and many other important life decisions that we do not always discuss with the person we are about to marry.

If you are engaged or considering marriage, consider a premarital agreement. If you and your partner are considering waiving future spousal support, you both must hire your own attorneys. The law requires that you are both represented when waiving this specific marital right. The attorneys at Burgos Santoyo Smith, Inc. are here to help you and your partner move forward toward marital bliss.

*DISCLAIMER: The contents of this article do not constitute legal advice but should be construed for general informational purposes only.

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