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Prenuptial Agreements Archives

Joint or separate accounts: Address it in a prenuptial agreement

Disputes related to money are regarded to be one of the primary sources of contention in marriages. More and more Texas couples are recognizing the advantages of prenuptial agreements. With the assistance of an experienced family law attorney -- and even a mediator -- any Texas couple considering marriage can draw up a prenuptial agreement that will protect the interests of both parties.

Is a prenuptial agreement necessary for farm couples?

A prenuptial agreement is a contract that is signed between two parties before their marriage. Such agreements are commonly drafted by each spouse's respective legal representative. The signatures of both parties to the agreement must be notarized to indicate that each one understands and agrees with the contents. A prenuptial agreement typically contains directives for the division of property if the marriage ends in divorce. It may also be valid in the event of one spouse's incapacitation or death -- unless a court decides that a will takes priority.

More couples recognizing the benefits of a prenuptial agreement

Many couples in Texas decide that their circumstances and the value of their assets do not justify prenuptial agreements. However, as more and more individuals enter into marriages when they already have successful careers and substantial assets, prenuptial agreements are becoming more and more necessary. Not only do prenups protect spouses in the event of a divorce, but a prenuptial agreement can also make soon-to-be spouses take a long, hard look at their financial situations.

No prenuptial agreement? A postnup can protect your assets

Almost every person entering into a marriage has an asset he or she wants to protect. However, many Texas couples fail to sign a prenuptial agreement because they feel the value of their assets does not warrant it. Sooner or later, most married couples disagree on financial matters, and such disputes often lead to divorce. Fortunately, a postnuptial agreement may resolve some of the issues that threaten a marriage.

Giada De Laurentiis may lose assets without prenuptial agreement

Texas is a community property state in which assets accumulated by spouses during marriage are regarded as the property of both spouses. The only assets that will not be divided between the spouses are those brought into the marriage by a spouse, along with inheritances and gifts that remained separate and were never commingled during the marriage. However, by drawing up a prenuptial agreement, couples may specify the manner in which their property will be divided if they decide to get divorced in the future.

Prenuptial agreement may help avoid disputes in property division

Whenever a Texas couple gets married, the future is a mystery. While many people may focus on their dreams, reality is often far removed. Modern young couples often bring significant assets into a marriage, but even if they don't, they may build up a successful business or receive an inheritance worth a noteworthy amount of dollars during their marriage. Peace of mind may be obtained by a well-drawn-up prenuptial agreement. Texas is a community state property, and if one spouse dies, or the couple decides to get divorced, the court will decide on the property division if there is no valid prenuptial agreement in place.

Prenuptial agreement to address issues related to step-families

When Texas couples consider marriage that involves two existing families, they may have many unique issues that need to be addressed prior to getting married. Research into social trends shows that 40 percent of adults in the United States have a step-relative -- whether that be a parent, sibling or child. It found that although many combined families get along amicably, biological kin is believed to create a stronger feeling of responsibility in most adults. In order to protect the interests of both families, a well-drafted prenuptial agreement may be appropriate.

Chris Rock's prenuptial agreement is no longer valid

Many couples in Texas understand the need for a prenuptial agreement, along with the importance of competent legal advice when such an agreement is drafted. However, how many people remember to review their prenuptial agreement every few years? Revisiting one's prenuptial agreement will remind one of the contents and any stipulations that have to be followed. While prenuptial agreements don't commonly expire, there may be a sunset clause that may render it invalid after a particular date.

What are the benefits of a Texas prenuptial agreement?

There are two schools of thought when it comes to the subject of prenuptial agreements. Some people consider such an agreement as the killer of romance, while others appreciate the importance of being proactive in dealing with potential issues related to the financial side of a marriage. The number of Texas couples opting to sign a prenuptial agreement is growing as they recognize the positive effect honest financial discussions can have on a marriage.

Prenuptial agreements not only for asset division and divorce

Texas residents may be aware of the negative connotations surrounding prenuptial agreements, and determining when to broach the subject may produce high levels of anxiety. Instead of regarding a prenuptial agreement as a means to protect one’s interests in the event of a divorce, couples may consider the positive aspects of such a document. Rather than regarding it as a directive for asset division, they may recognize that it is the perfect way for a couple to test their ability to communicate in an open and sincere way about their individual financial situations and how they will handle their combined finances during their marriage.

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