Prenuptial agreement may offer protection during divorce

When people are preparing to get married and share their lives with another individual, they may feel a mixture of excitement and fear. Their biggest concern is if things don't work out as planned in the marriage. Having a prenuptial agreement can help to mitigate some of these fears and protect one's assets in the event of a divorce in California.

Prenuptial agreements are often considered by those who have a substantial amount of wealth. However, a prenuptial agreement isn't just handy for those who are famous and rich. It's also useful for people who are older and possess investments, such as real estate, that they would like to protect.

Young individuals may also benefit from a prenuptial agreement if they enter a marriage with someone who brings an extensive amount of debt to the union. In the prenuptial contract, the two parties can agree that the person with the debt will maintain responsibility for this debt if the two end up getting divorced. Failure to sign this type of agreement means that how one's marital property and assets are divided during divorce will be based on applicable laws.

Prenuptial agreements are often considered a wise alternative since about half of marriages end in divorce. Even if a couple did not sign this type of agreement (or create a postnuptial agreement after the marriage), they can still use the negotiation process to reach a divorce settlement that is fair to both parties. If they are not able to approach the divorce amicably, litigation may be their only option, and a divorce court judge will have the final say in their asset and property division-related affairs in California.

Source: abc22now.com, "Pre-Nuptial Agreements, Not Just For the Rich & Famous", , Sept. 29, 2014

No Comments

Leave a comment
Comment Information

Find out how we can help you.

Call 951.824.6449, chat with us, or request a consultation below.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office Locations

Riverside Office
4094 Chestnut Street
Riverside, CA 92501

Phone: 951-824-6449
Fax: 951-715-4601
Map & Directions
Email Us

Temecula Office
28465 Old Town Front Street
Suite 321
Temecula, CA 92590

Phone: 951-824-6449
Fax: 951-715-4601
Map & Directions
Email Us