About Premarital Assets



What Is a Prenuptial Marriage Contract?

Are prenuptial marital relationship agreements a death knell for romance? Or are prenuptial agreements practical services to handling the bothersome topic of financial resources in a marital relationship?


More and more couples are signing prenuptial marital relationship agreements before they marry. These are not just couples dealing with financial inequality, or couples who have a lot of wealth.


A prenuptial marital relationship arrangement is a signed and notarized agreement that spells out how a couple will deal with the financial aspects of their marriage. Although not really romantic, having this sincere monetary discussion prior to a wedding ceremony can be an extremely favorable experience.

According to the website FindLaw.com, "Premarital agreements (also called prenuptial contracts or "prenups") are a common legal step taken before marital relationship. A prenup develops the home and monetary rights of each partner in case of a divorce. While no one is thinking about a divorce when they get married, about half of all marriages in America end up in divorce proceedings. So it's often prudent to at least consider a prenuptial agreement."


Pros of Prenuptial Agreements

- Having a prenuptial marriage contract does not suggest that a couple is expecting a divorce.

- Financial matters that requirement to be dealt with are dealt with.

- Prenuptial agreements can preserve family ties and inheritance.

- If your future spouse will not sign a prenuptial marital relationship contract, it may be best to discover this before the wedding.

- The financial well-being of children from a previous marriage can be protected.

- Personal and business assets accumulated before your marital relationship are secured.

- A prenup puts monetary expectations out on the table prior to your wedding event.

- A prenuptial marital relationship contract spells out which assets a partner might want to give to children or other family members in the event of death.

- In the occasion of a divorce, a prenuptial arrangement removes fights over properties and financial resources.



Cons of Prenuptial Agreements

- Prenuptial marriage contracts can be set aside for failure to reveal all properties, or if there is evidence of scams, duress, unfairness, or absence of representation at the time of signing the agreement.

- They are unromantic and can trigger serious friction in the relationship.

- Prenups can give the appearance that there is an absence of trust in between the partners.

- A prenuptial contract might create animosity between partners.

- A prenuptial marriage contract makes it appear like there is a lack of a life time commitment to one another.

- Some individuals take a look at doing a prenup as "planning the great post to read divorce" prior to "planning the wedding event."

History of Prenuptial Agreements:

Nuptial agreements have been around for countless years. During the 19th century, prior to the Married Women's Property Act of 1848, the agreements were needed for females in the United States Up until the act ended up being law, everything a lady owned or acquired was moved to her husband. If he passed away or separated her, she could lose whatever.

Community Property States.

Neighborhood property states in the United States are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin, and the area of Puerto Rico. Their laws mention that residential or commercial property collected during a marriage would be divided equally in case of a divorce. Other states have a policy of dividing assets on a fair circulation basis.

Things to Remember About Prenuptial Agreements

- Discuss the arrangement early in your relationship. Do not wait until you are ready to walk down the aisle.

- Be sincere. Do not try to hide your ideas, feelings or possessions

- Hire different attorneys so you both have great representation.

- Consider asking both legal representatives to supply an affidavit of independent legal counsel. Keep the affidavits with the initial prenuptial file.

What If You Both Completely Disagree on Getting a Prenuptial Agreement?

If one of you is totally versus getting the prenup and the partner is completely determined about getting one, you might end up separating. It's regrettable if you can come to some contract that is reasonable to both of you, but in some cases that holds true. Only you can decide if this bone of contention is an offer breaker for you.

For more information, contact:

Douglas Crawford Law
1404 S Jones Blvd
Las Vegas, NV 89146
(702) 383-0090





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