Pre-marital or Prenuptial Agreements
In many instances prenuptial agreements are synonymous with “premarital” law. Coming to the decision about whether to utilize a prenuptial agreement or not is an extremely personal decision. Premarital or prenuptial agreements are useful for establishing protection for both parties especially for assets or liabilities that exist prior to the marriage. They are supportive for estate planning purposes and detailing financial boundaries in the event of a divorce. The use of this type of agreement can save parties hundreds of thousands of dollars in litigation and other fees.
Some couples decide to address these types of arrangements after they marry – this is called a “post-nuptial” agreement. These agreements can achieve the same objectives as a pre-nuptial agreement but are many times easier to discuss as the “big day” is behind the couple.
If your plans are not yet (or ever) toward marriage, but you are considering cohabiting or sharing space, a domestic partnership agreement is an outstanding solution for addressing the same goals found in prenuptial and postnuptial agreements. These types of agreements are frequently used by couples of any gender as well as roommates, joint property owners, and other “non-marital” arrangements.
Trying to address financial, personal, “end of life”, and other life experiences can be daunting. Let the members of Hudson Family Law detail the law and facts that may govern your particular situation so that you can make an informed decision on how best to proceed.
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