A wedding is such a joyous occasion with the couple busy planning and taking care of arrangements. Even though it’s a busy time, engaged Texas couples should pause and consider the less romantic, but equally important aspects of their marriages, particularly the legal stuff. For some, prenuptial agreements should be included in the discussions of need-to-do things, and today many couples are choosing to have a prenup in place.
What are the prenuptial agreement basics?
Here are some points couples should know about this important document:
- Does not deal with issues of child custody or child support
- If written correctly, it is a legally binding document
- Chronicles the financial expectations in the marriage
- Can speak to each spouse’s individual circumstances
- Can speak to specifics of a business or businesses
- Putting the document in place sooner rather than later is strongly suggested
The main purpose of a prenuptial agreement
The primary reason to have a prenuptial agreement is to sort out the details of what would happen to assets and debts should a couple ever divorce. It can highlight such things as gifts, trusts and inheritances. A prenup can be as unique as needed and often includes anything believed to be financially important. A confidentiality clause can also be written into the agreement stating neither person can share what the agreement contains.
To make sure prenuptial agreements meet all the legal requirements for the state of Louisiana, individuals may choose to seek independent legal advice. A lawyer will ensure that a prenup is legally valid and help make sure no critical items are omitted. Taking such measures can provide much-needed peace of mind and reduce the potential risk of future complications