BLOG: Benefits of a Prenuptial Agreement

A prenuptial agreement can bring peace of mind and relieve a couple from
fears or uncertainties about the future.

Assets you acquired before your marriage, gifted to you during your marriage or inherited during your marriage can be protected. Debts can be assigned to the party who incurred them. You can define what happens to property, businesses or other assets acquired during the marriage whether it be community property or individual separate property.

You can agree to conditions of spousal support (alimony) if there is a divorce (dissolution of marriage) or separation in the future. A prenuptial agreement allows you to go into a marriage clear headed, with financial responsibilities and expectations clearly spelled out.

In second marriages, it is particularly important to provide for your children and to acknowledge your financial relationship with your new spouse and possible stepchildren.

A prenuptial agreement is more than a piece of paper. It requires careful planning, full disclosure of each party's assets and liabilities and a full understanding by both parties of all their legal rights and the effect of the agreement on those rights.

A good prenuptial agreement is developed and completed well before the marriage, not at the last minute. When it is done right, each party feels secure in the knowledge that they as a couple have taken control over their own marriage. They have chosen not to let someone else, a court, in public for everyone to see, tell them what they have to do. Their agreement is personal and private.

OC Legal Source encourages you to plan ahead to protect your future!