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All Press Releases for January 22, 2014 »
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When is a prenuptial agreement helpful?

It is no longer only very wealthy people that should take advantage of the opportunity to protect their assets with a prenuptial agreement.
 
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    January 22, 2014 /24-7PressRelease/ -- When a couple is engaged and focused on planning their wedding day and ensuing life together, it can seem virtually unfathomable to simultaneously discuss a prenuptial agreement. To many Denver couples, this seems like a contradiction--planning for a divorce when planning a marriage.

However, the number of prenuptial agreements has increased in recent years and with good reason. There are many differences in our world today that make prenups more important than in the past and experts encourage more people to give consideration to such contracts.

Unique situations can benefit from a premarital contract

It is no longer only very wealthy people that should take advantage of the opportunity to protect their assets. In our world today, there are numerous situations which make drafting a prenuptial agreement one of the smartest things any engaged couple can do.
- Protection for a business: Whether you have a sole proprietorship, partnership or some other interest in any business, you have a great deal to lose in the unfortunate event that you should get divorced and your business becomes part of the property division. Any effect that a divorce could have on your business may also affect any other parties involved in your business from partners to employees so your prenup is a way of protecting others as well as yourself.

- Care for existing children: A large number of weddings that take place today are remarriages in which the spouses have children from prior marriages. There can be many nuances in such a situation which makes it critical to protect assets for those children separate from any stepchildren or children that may be born from the new marriage.

- Preservation of retirement: As many people live longer, the nation sees its fair share of people getting married later in life when they have had sufficient time to amass a greater amount of assets, including retirement. It is both wise and natural to wish to ensure that these funds will remain intact should a problem arise later.

Another benefit of prenuptial agreements that some experts have indicated is the depth of relationship that can result when two people are willing to openly discuss such potentially difficult and sensitive topics before they are married.

Proper counsel is required

If you and your spouse-to-be are interested in a prenuptial agreement, each of you should work with independent attorneys to ensure that there is no conflict of interest and that your contract will be legally binding. Getting a consultation with an attorney about this topic is advised well before the date of your wedding.

Visit us at denver-divorcelawyer.net/



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