Prenuptial Agreements (Prenups) - you've likely heard of this term before, but have you ever thought about why people actually get them? There are more reasons to get a prenup than you might actually realize. If you just got engaged and it's something you're considering but you're not fully decided yet, talk to an experienced family law attorney at the Lake of the Ozarks. They can answer your questions and give you expert legal advice on the subject. In the meantime, keep reading this week's blog for a few reasons couples decide to get prenups. If you want a prenup, please call Gibbons Law Firm today. We can be reached at (573) 348-2211. Your first consultation is free.
ONE OF YOU PLANS TO STAY HOME WITH THE CHILDREN.
If you or your spouse plan to stop working once you get married, a prenuptial agreement is a good idea. It can help protect the assets of both parties. Whether you both decide it's best for one of you to stay home with the kids or are in a good financial position to have one income, it's important to sign an agreement to help protect the income and existing assets of everyone involved.
YOU OWN A BUSINESS TOGETHER.
If you or your significant other owns a business, a prenuptial agreement can help protect that venture, should the marriage end. If the business owner has partners, they may insist on a prenup being signed to help better protect the business. While getting married is an important life decision, you still need to look out for your business and other assets in the process.
YOU HAVE BEEN DIVORCED BEFORE.
If you have a history of divorce, you know how hard the process is. Also if you or your spouse have children from outside the marriage, it's a good idea to have a plan as to what will happen if the marriage doesn't work out. Try outlining a plan ahead of time, should the marriage dissolve. This can help alleviate a big headache down the road if you have already worked out an agreement.
ONE OF YOU HAS A SIGNIFICANTLY GREATER AMOUNT OF MONEY THAN THE OTHER.
If one of you makes a significantly higher income, it's a good idea to protect your assets with a prenup. Whether it's a high-paying position at work or a wealthy family, you and your future spouse should sign documentation to decide what will happen in the future, if there is a problem with the marriage.
Considering a Prenup?
We hope you found this blog helpful when it comes to determining if a prenup is right for you. Prenups aren't for everyone but if you feel this is something you need, call our experienced lawyers in Lake Ozark today. We can be reached at the phone number listed below. You can also follow us on our social media channels listed below to stay up to date on our latest announcements and tips.
Remember, your initial consultation with Gibbons Law Firm is always free.