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...]
Rise of post nuptial agreements
Many Texas residents may have heard of a prenuptial agreement-an agreement signed before two people get married that details the division of assets post divorce. However, another type of contractual agreement dictating property division is on the rise-a post nuptial agreement. Unlike their more commonly known partner, these documents are signed after the wedding and in some cases many years after … [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...]