When a couple is getting married, they may want to discuss and decide ahead of time how they would like to resolve their financial situation before they get a divorce. The written agreement is a prenuptial agreement and documents the couple’s wishes, such as division of property and alimony, if they decide to get divorced. For help writing up a prenuptial agreement or to get answers about what should be included, speak with a divorce attorney Dallas GA.
What should be covered in the agreement?
A prenuptial agreement is a contract two people enter into before getting married. Typically, this agreement spells out what happens should their marriage end. Items to include in the agreement, including how the property (homes, cars, etc.) gets divided, how debts are to be handled, and how to deal with other financial situations in the event of divorce. Additionally, if the couple owns a business, a prenuptial agreement covers what happens to the company and how it will get divided.
A Dallas GA divorce attorney can help ensure everything that needs to be included in a prenuptial agreement.
What is not covered?
There are some things a prenuptial agreement cannot cover. Though the agreement determines who takes care of what bills, it cannot take away a spouse’s responsibility to pay their debts before the marriage. Additionally, a prenuptial agreement in Georgia can never determine child custody or support. The judge makes this determination when filing the divorce based on the needs and best interest of the child or children.
How your attorney can help ensure everything is covered that can be in agreement
Divorce lawyers in Dallas GA can help determine what needs and should be included in your prenuptial agreement. Additionally, the attorney can help negotiate for terms in your best interest. Once everything is agreed upon, the attorney handles all filing of any necessary paperwork associated with the agreement.
Four Reasons You Need a Prenup
A prenuptial agreement is a document drawn up between couples before getting married to serve as a form of protection for each party in the event that their union leads to a divorce in the future. Especially for those that have huge amounts of properties and assets to take care of, it would be wise to talk to a Dallas GA divorce attorney at the onset to get this document in order.
Protect Your Assets
It’s only natural that you would want to protect your hard-earned assets. A divorce will divide conjugal assets equally between the couple. Conjugal assets refer to property and assets owned by the married couple. However, it could also include those that were acquired even before the marriage.
If you want to preserve those properties as solely your own, then stipulating that in the prenuptial agreement is a good way to protect them.
Protect Against Inerting Debt
While it may seem romantic to know that whatever your partner owns is going to be yours as well, it takes on a more worrisome form if the thing being shared between you two is debt. Yes, marriage treats two individuals as one unit, which means that a debt owed by one can be collected from either one of the couple. You can opt out of this less than romantic situation by asking for it from a Dallas GA prenup attorney.
Protect Your Inheritance
Your inheritance is not something that your partner contributed to in any way. This is something bestowed upon you by family, other relatives, or even a previous marriage, and so should be a personal asset. To exempt it from being a part of conjugal assets, seek the help of Dallas GA prenup lawyer.
Stipulate Enforcement Guidelines
A prenup can set up more specific clauses pertaining to its effectiveness. For example, a clause stating that the prenup becomes void if either party becomes involved in infidelity, thereby dissolving all the protections set in place.
The idea of prenuptial agreements has been there for some time. But most people seem not to have much knowledge about another type of agreement couples can make known as postnuptial agreements.
Unlike prenuptial agreements, postnuptial agreements happen after a marriage has been formalized. A Paulding divorce attorney can help you draft a postnuptial agreement that is favorable to both sides.
What is a postnuptial agreement?
A post-nuptial agreement is almost similar to a prenuptial agreement. The only difference is that post-nuptial agreements are entered into during a marriage unlike prenuptial where the two partners sign the agreements before formalizing the marriage.
In a post-nuptial agreement, the couple agrees on how their assets and debts will be divided in the event of a divorce or death. In most cases, a Paulding divorce lawyer is usually involved in the drafting and signing of the agreement.
What makes a postnuptial agreement valid?
There are several things that must be contained in a post-nuptial agreement to make it valid. Here are the main requirements:
- Written: An oral post-nuptial agreement can’t be considered legally binding. You must get a Paulding county divorce lawyer and have it written.
- Voluntary: All parties signing the agreement must do so without any form of coercion. Any indication that a spouse was threatened to sign will invalidate the agreement.
- Fairness: a postnuptial agreement is not supposed to be biased to one side. There must be an element of fairness to both spouses.
- Disclosure: all parties must declare all their assets and liabilities before signing the agreement
Is it possible to make changes?
Yes, it is possible to change the contents or terms of a postnuptial agreement. All you have to do is to agree with your partner and talk to a Pauling county post nuptial attorney.
If you have already entered into marriage and are considering a postnuptial agreement, Law Offices of William R. Pike is always open for consultation.