On behalf of Stange Law Firm, PC posted in Family Law on Thursday, February 18, 2016.
Some in Missouri enter into legal agreements with their intended spouses before marriage. However, in some circles, the prenuptial agreement has gotten a bad reputation. Indeed, some say they signify doubts as to whether a marriage will last. Others note that prenups are simply good business as marriages are financial mergers as well as loving relationships.
More people are marrying later in life. In such circumstances, couples often enter marriage with substantial amounts of already-accumulated assets. Prenuptial agreements can be valuable tools that protect a spouse’s inheritance rights or predetermine a division of assets in the event of divorce or one spouse’s death. While post nuptial agreements can be used to protect an inheritance, one family law attorney recently noted that prenuptial contracts tend to be more easily enforceable in court.
It is also possible to separate the income earned through an asset from the asset itself, which sometimes happens when a person chooses to leave the income to a spouse and the asset as an inheritance to children. In essence, each agreement is able to be customized according to the desires and objectives of a particular couple. Because laws that govern such matters vary from state to state, it is advisable for one to seek experienced legal guidance before deciding whether to enter a signed contract before marriage.
Anyone in Missouri who might be considering a prenuptial agreement or has questions about the process can contact a family law attorney for assistance. It is advisable to seek clarification on the laws and procedures that govern such matters before determining whether a prenup coincides with one’s current and future goals. The attorney can help craft an agreement that meets a client’s interests while also ensuring that the contract complies with applicable laws and will be enforceable if and when needed.
Source: laduenews.com, “Before the Altar: Prenuptial and Postnuptial Agreements“, Brittany Nay, Feb. 4, 2016