Texas couples who are considering marriage typically have an abundance of planning to do before the wedding. Those who own a business or share in a business might want to do some extra planning before saying "I do." Because so many marriages these days unfortunately end in divorce, deciding how to separate assets before marriage can be helpful later. One way to insure this is to sign a prenuptial agreement.
Some in Texas may think it highly unromantic to prepare for marriage by entering a legally binding contract with one's intended spouse. Others, however, see many potential benefits in drafting a solid prenuptial agreement before tying the knot. Especially where personal property and assets are concerned, such an agreement may prevent contentious situations from developing should a marriage ever end in divorce.
When Texas couples become serious and start planning weddings, it may also be the best time to put romance aside for a little while and discuss the protection of each spouse's assets. It may be a difficult subject to raise, but a divorce or death of one spouse is a possibility that deserves consideration. A prenuptial agreement is similar to insurance and understanding what can be included, along with the legal requirements of such a contract, may be helpful.
When Texas couples say "I do," very few of them anticipate that, "I no longer do" might be uttered by one of them at some time in the future. Some say a divorce will be the financial ruin of a man and others say the same about women -- it depends on who is talking. Whichever way, most divorces do not have to include expensive courtroom battles, leaving one or both spouses with empty bank accounts.
As the dynamics of many Texas families change, there are more and more couples who choose to cohabitate -- often with the intent to marry at a later date. Although living together may perfectly fit the circumstances of a couple, untangling finances in the event of a breakup can be messy. Cohabitating couples may want to consider signing a cohabitation agreement, which is similar to a prenuptial agreement for married couples.
Texas residents who are considering marriage later in life have many aspects to consider. Choosing between marriage and cohabitation is complicated, as each option has pros and cons to evaluate. These are important decisions that may deserve the advice and guidance of skilled legal counsel to ensure informed choices are made. When one or both parties in an older couple have accumulated assets and/or built successful businesses, a prenuptial agreement may be worth considering as a viable proposition.
Along with child custody, property division is likely the other most challenging aspect of any divorce. Dividing property in a high net worth divorce is typically an even more complicated process. However, with the guidance and support of the experienced Texas attorneys of Warmbrodt, Winslow & Associates, positive results may be achieved in divorce and property division.
It is reported that the number of older people in Texas and other states that are choosing to end their marriages is rising. Deciding to divorce after the age of 50 brings a number of additional concerns. While the financial toll can be significant on both parties, women may be more seriously affected. Unfortunately, gray divorces are sometimes ruled by emotions and the need to get the proceedings over and done with as quickly as possible,
The break-up of the 15-month marriage between Johnny Depp and Amber Heard has been reported all over the media. Apart from the news that Heard accused Depp of domestic violence, it is speculated that the couple did not sign a prenuptial agreement. That leads to lots of speculation about the division of assets, as they live in a community property state with divorce laws similar to those here in Texas.
Given the high number of divorces nationwide, including in Texas, those who are considering marriage will likely recognize the importance of protecting their interests and also those of their soon-to-be spouses. It is not uncommon for couples to neglect to sign a prenuptial agreement because both parties are concerned about jeopardizing the relationship. However, there are ways in which to broach the subject in a positive manner that will ultimately benefit both parties.