Lynwood prenuptial agreement lawyers
Before getting married, take the time to think about the assets that you have and what could happen to them if you get divorced. While divorce might not be the first thing that you think of when you decide to get married, it is something that happens. If you’re prepared ahead of time, then the process can be a bit smoother instead of trying to decide how to divide what you own. With the help of a California lawyer, you can complete a prenuptial agreement that notes the assets that each person has before the marriage so that there is a clear path to who will receive money and other items if the marriage dissolves. Keep in mind there are a few negative aspects about a prenuptial agreement that you should consider as well, but overall, this is a document that you want to strongly consider.
One of the things to remember is that making a prenuptial agreement doesn’t mean that you’re going to divorce in the future. It’s simply an agreement that can be filed with your attorney in the event that it does happen so that both parties are protected financially, especially if one person has a significant amount of money compared to the other party. Any financial concerns can be addressed in the agreement. This means that you can include details about what would happen if you were to file for bankruptcy or what would happen to your finances if you were to start a business together. Without a prenuptial agreement, it could be a prolonged time to settle these situations during the divorce proceedings and even after the divorce is finalized.
A benefit of a prenuptial agreement is that it can keep family ties intact. If there is a settlement or inheritance that you’ve received or that you plan to receive from your family, this can be preserved in the agreement so that the other party doesn’t get it as part of the divorce. This is an important detail to consider if your future spouse doesn’t seem positive about signing the agreement. It could mean that there is a hidden agenda pertaining to your finances. As long as the agreement is signed and filed in court, then your assets will be protected even if your spouse decides to try to take them from you or tries to dispute the agreement if you were to file for a divorce.
If you have children before you get married or after getting married, they can be protected with a prenuptial agreement. Your attorney can work with you to determine how much support each parent pays, which in most situations is 50% each. The agreement can also include details about investments, bank accounts, college funds, and other financial details that specifically pertain to your children so that they don’t have to worry about what they will have available after the divorce.
Any business assets that either party has before the marriage can be protected with a prenuptial agreement. Sometimes, the other party in the marriage who isn’t initially involved in the business might think that half would belong to them after getting married. A prenuptial agreement can clearly state that the original owner of the business is the person who obtains it and the profits after the divorce is final. Large assets including houses, boats, and vehicles can also be protected in this type of agreement so that the other party in the marriage knows that they won’t get these items in any kind of post-nuptial settlement.
When you meet with an attorney to discuss your finances before getting married, the prenuptial agreement is a way that you can both state how you feel about the assets that you have and those that you could gain after getting married. It’s a way for the two of you to talk about the goals that you have and where you see your finances going in the future before you get married. If you don’t seem as though you’re on the same page, then it might not be a good idea to go through with the wedding right away until you’re able to communicate with each other and make your plans a bit more known to the other person.