Lancaster Prenup Agreement Lawyers
Although you’re probably not expecting your marriage to end in divorce, anything is possible. Even the strongest of marriages can fall apart because someone finds other activities that they enjoy or because of stressors in the marriage that result in a lack of communication. Just in case you’re included in the percentage of marriages that end in divorce, you want to have a prenuptial agreement in place so that both parties are protected.
A detail that you might not consider when you get married is that divorce can have a negative impact on your credit score. When accounts have both names on them and when those accounts don’t get paid by one party, then the account begins to go downhill over time. Your credit score usually soon follows. A prenuptial agreement can state details that include who is responsible for accounts so that your credit isn’t impacted if the other party doesn’t make a payment.
A prenuptial agreement can take some of the stress out of deciding how to divide assets and property if you get divorced. It can also save you money because you won’t need to spend as much time with an attorney as long as everything is documented and clearly detailed in the agreement. Unfortunately, there are some spouses who think that they are entitled to everything in the marriage, especially if one person cheated or committed another act causing emotional harm. Even though the impacted party might feel entitled to the house, car, and all of the money in the bank account, this isn’t the case in most situations and can easily be remedied by reviewing the prenuptial agreement.
You might spend several hours preparing documents and getting details in order for divorce proceedings if you don’t have a prenuptial agreement in place. These hours can include keeping track of all of your finances, dividing accounts so that they are only in one person’s name, and sitting in a courtroom while listening to attorneys and other members of the court talk about the best way to handle the divorce. A prenuptial agreement lists how these details are handled so that all you have to do is meet with an attorney to have the plan carried out in the proper manner. An attorney can review the agreement and meet with both parties to ensure that one person doesn’t try to object to details that are listed in order for the divorce to be processed as quickly as possible.
It’s easy to say that you’re going to divide all of your assets if you get a divorce. However, when you accumulate belongings and invest in vehicles, a home, and other financial accounts, it can be difficult to know how to fairly divide everything so that one person doesn’t get more than the other. If there are activities that have taken place by one party, such as infidelity, then one party could obtain everything. An attorney can review the claims of the act committed and present the details to the court so that a judge can decide if the agreement should be voided and the impacted party receive the majority or all of the assets.
Sometimes, a person might marry another person because of money or belongings. If you marry someone who has the intention of taking your money or who wants you to support them financially, then a prenuptial agreement can provide protection for your assets. In the event of a divorce, your money is protected and can sometimes dissuade one person from getting married if the person knows that there isn’t a chance of getting a large amount of money if the marriage fails. A prenuptial agreement is a document that is a safeguard and that is easy to draw up with the assistance of an attorney so that both parties are protected.