According to the American Academy of Matrimonial Lawyers, there has been a marked increase in clients who are seeking assistance in drafting marital contracts. There are countless reasons why a couple would consider a prenuptial agreement, and the most common is usually to preserve assets in the event of a divorce. Texas residents who are contemplating these contracts may benefit from learning about mistakes to avoid.
Years ago, only the wealthy or celebrities entered into a pre-marital contract in order to protect family wealth. However, almost every couple can benefit from the protections that a properly drafted prenuptial agreement provides. Texas residents may benefit from learning more about how these contracts can serve them.
One of the biggest problems that crop up during a marriage is financial disagreements. One way to avoid some of the problems that couples encounter during a marriage and later divorce is to create a pre-marital contract. Texas residents who are curious as to how these documents can protect them may seek information from experienced professionals.
Millennials in Texas, like so many generations before them, have traits that are unique to them. Maybe because they have seen so many changes in their young lives they seem to have more unique traits than prior generations. They don't know about life before the internet and few of them remember a time before smart phones. They are a very entrepreneurial generation and are choosing to marry later. In addition, more of them are getting married with a prenuptial agreement in place.
Virtually every Texas marriage will end with either death or divorce. In either case, assets will need to be distributed and bills will need to be paid. Exactly how this will occur can be addressed ahead of time. In fact, many couples choose to handle these issues through a prenuptial agreement prior to marriage.
Roses and diamond rings are symbols of love and one's future together. But, roses die and the shiny diamond can lose its sparkle. While these symbols often remind the Texas couple of the love they share, they should also remind them that the future can be uncertain, and they need to plan for what may lay ahead. In some cases, it may be wise to consider a prenuptial agreement as a part of planning for the future.
Many Texas residents, especially those considering marriage, or those who are already married, may be familiar with common issues that need to be discussed before two lives become a shared one. A prenuptial agreement is commonly defined as a contract in contemplation of marriage concerning the ownership of their respective assets should the marriage come to an end. In the past, these agreements generally indicated hammering out ownership of physical assets, such as property or finances. This is still the case, but with an added twist for the Facebook generation.
When the word "marriage" begins to become a mainstay in conversations for young Texas couples, the bliss and excitement can often outweigh the serious need to talk about finances, both present and future. The very idea of sharing everything with a person one feels is his or her soulmate could cloud honest truths that can lead to financial and emotional disaster later down the road. Speaking with one's betrothed about money, assets and the idea of a prenuptial agreement may be a wise choice to helping couples develop a closer bond and preserving the couples' financial future should a divorce loom on the horizon.
Many issues, both inside and outside of a marriage, can lead a couple to separate. Whatever the reason, a divorce can be hard for some and an escape hatch for others. One Texas man is questioning his financial future after his wife of two years asked for a divorce. He is unsure of the exact reason, but feels he was financially used to help his soon-to-be ex-wife wipe out her student loans and other significant debts. The man now fears for his retirement and home.
As the world embraces the advances that technology has fostered, many Texas couples are opting to have their marriage vows performed by a friend. It is now easier than ever for almost anyone to be ordained online, and more millennials who do not identify with a particular religion are opting for this now-popular option. Many fail to realize the potential consequences of such a choice and may find that their marriage and prenuptial agreement may not be valid.