You might wonder if a prenuptial agreement is necessary. The answer is often yes. Prenups aren’t about expecting the worst—they’re about preparing for your future. Here are three key reasons to consider getting a prenup before you say, “I do.” 1. Identify and Protect Your Separate Property A prenup clearly outlines what belongs to each of you before the marriage. Most people come into a … [Read more...]
I Just Got Engaged: Do I Need A Prenup?
Congratulations on your engagement! As you embark on this journey towards marriage, it's important to begin to understand the financial aspects of your union, including the often overlooked but highly recommended prenuptial and post marital agreements. Let’s explore why these agreements are essential for safeguarding your assets and securing your future together. Who Needs a Prenup? Anyone … [Read more...]
The Importance of a Prenup
Prenups are often misunderstood. Most people think of a premarital agreement, aka prenup, as a roadmap for divorce. Instead, a prenup should be viewed as an agreement, entered into in advance of any conflict, that clarifies how the married couple will deal with their finances while they are married. It also can provide for security in the unfortunate event of the marriage ending in divorce or … [Read more...]
Why do couples enter into prenuptial agreements?
Planning for a wedding is stressful -- dealing with various caterers, designers and event managers can cause a lot of anxiety between a couple. And, a prenuptial agreement can add further stress pre-marriage. Texas residents may be aware that a prenuptial agreement is an agreement a couple enters into before getting married that sets how the separation will take place, should a divorce occur. … [Read more...]
Drafting a premarital agreement to protect your future
When Texas residents get married, entering into a pre-marital agreement specifying property division in the event of a divorce is oftentimes the last thing they want to think about. This is why some couples opt to enter into a post-nuptial agreement, as mentioned in a previous post. As difficult as it is to envision a future without your current spouse, the reality is that changing circumstances … [Read more...]
Is a prenup always enforceable?
Most couples go into marriage with the hope that it will be an everlasting union, but they are also aware of the reality that it is possible their marriage may not last. One of the ways they may try to prepare and protect themselves in case this happens, especially if they anticipate a high asset divorce, is to create a prenuptial agreement. In their prenuptial agreement, they can agree on … [Read more...]
TX property division: alimony issue in heated billionaire divorce
Although many couples initially wish to end their marriage amicably, that does not mean that disagreements will not come up. Sometimes, these disagreements can become so heated that they lead to a particularly contentious divorce. Texas residents may be interested to hear that the divorce between billionaire and hedge-fund manager Ken Griffin and his wife has turned bitter. Griffin’s wife … [Read more...]
Should couples have a prenuptial agreement in case of divorce?
It is suggested that any couple, including Texas couples, should consider signing a prenuptial agreement in case of divorce. While no couple enters into a marriage assuming that it will end up in divorce, a prenuptial agreement can actually protect the financial interests of both parties just in case. These agreements are beneficial, even if a couple is not wealthy. It is a common misconception … [Read more...]