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Blog 2018 January The Advantages of Pre-Marital Agreements
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The Advantages of Pre-Marital Agreements

Posted By Jerry Loftin & Associates || 2-Jan-2018

Pre-marital agreements, also known as prenuptial agreements (prenups), are contracts signed by potential spouses before an actual marriage occurs. These documents are created and signed to protect each spouse’s financial interests, negotiate economic problems in advance, and make the divorce process more manageable if the marriage later ends.

An increasing number people are deciding to opt for pre-marital agreements. Typically, wealthy individuals choose to get prenups to protect their own assets and protect themselves from the debts of their spouse in the event of a divorce. However, even low-income individuals can benefit from a pre-marital agreement.

Prenups allow spouses to plan for potential financial situations in advance before they ever become a problem. For example, a prenup can outline what will happen if one spouse loses a job. The spouses can agree before the situation even occurs that the spouse with a job will support the unemployed spouse until he or she finds another position.

Likewise, a prenup can also outline how property will be passed upon the death of one spouse. If a spouse has children from a previous marriage, he or she might wish a certain amount of his or her estate to pass to those children. Without a will and without a prenup, the state will decide how to pass on the property to the closest relative, which tends to be the spouse of the deceased and the children of that spouse.

The primary disadvantages of advantages mostly concern the preconceived notions of a prenup. Some individuals find the documents unromantic or think discussing them indicates a lack of trust in the marriage or in his or her future spouse. It can also be disadvantageous to plan far in advance if your situation changes. It can be hard to predict how potential issues should be handled in the future.

If you want to discuss a pre-marital agreement with one of our skilled Fort Worth family law attorneys, don’t hesitate to give us a call. Jerry Loftin & Associates can offer you compassionate legal representatives who will do their best to ensure your legal needs are met. Let us see what we can do for you and your future spouse.

Contact us at (817) 591-7850 or fill out our online form to schedule a free initial case consultation today.

Categories: Family Law

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