Preparing a Prenuptial Agreement

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Complex divorce proceedings can take years to settle and may well cause substantial emotional and monetary hardships for each parties involved. A reasonable and properly-crafted prenuptial agreement can commonly serve to simplify this procedure and to eradicate needless squabbling over the division of assets and property. Though the circumstance and circumstances might change in the course of the course of the marriage and it may possibly be appropriate to renegotiate elements of the agreement to ensure that these adjustments are effectively recognized and addressed.

Preparing for a Prenuptial Agreement

There are various issues that a couple have to contemplate when discussing the attainable terms of a prenuptial agreement. Financially, the division of assets is possibly the most imperative factor matter to be addressed. The current income of each party, means of attaining that income, and the potential want for alimony to maintain a specific way of life in the aftermath of a divorce. Other considerations incorporate:

• Real property such as houses, apartments, or land
• Beneficial items like artwork, electronics, or family heirlooms
• Payments that are owed on big-ticket items must also be taken into consideration

Property and assets are not the only factors that warrant inclusion in an agreement.  The custody arrangements for young children born prior to a marriage may be appropriately addressed at this time. Clauses to create diverse distributions based upon the reason for searching for a divorce, such as infidelity, monetary misconduct, or other people might also be prudent.

For details about or help with the drafting or enforcement of a prenuptial agreement, get in touch with the at Garg & Associates.