Prenuptial agreements, or prenups, are contracts couples sign before getting married. They typically
plan the division of property between the spouses in case the marriage
ends. Any property outlined prior to the wedding is generally considered
off the table during property division if the marriage eventually ends.
While prenups have a mixed reputation, they are largely beneficial to
those who take advantage of them.
First, what most people know about prenups is they make the
divorce process easier. By specifying whose property is whose before the marriage
even begins, you eliminate half of what can make the divorce process drag on.
Property division is often complicated and can take months, especially with high net worth
divorces. If you’re also concerned about having to pay
spousal maintenance, both of you can waive the commitment in the prenup. They can also spare
people the hassle of splitting up a business.
What people don’t know is that prenups can help a couple negotiate
their shared finances. Part of what couples tend to fight over is financial
problems, particularly if one-half of the couple is out of a job. A prenup
can help a couple plan what to do in the event one of them loses a job,
or they both want to start a family.
The ability to discuss your financial future in advance before you even
marry is an excellent way to get to know your partner, if you don’t
know them well enough already. By compromising on your prenup, you can
learn to work together and communicate effectively to solve problems.
To get started on a prenup, talk to one of our skilled
Houston family law attorneys. The
Law Office of Kathryn Marteeny can offer you and your partner peace of mind on your financial assets.
We have more than 30 years of legal experience to offer you and your future
spouse. Talk to us about your questions and concerns in a case consultation.
Call us at (713) 936-2300 or
fill out our online form to schedule a conversation today.