Importance of Prenuptial Agreements
Although marriage remains to be a loving contract between two people who want to spend the rest of their lives together, in the eyes of the law, marriage is also a contract which involves a variety of financial rights and obligations. As strange as it may seem, when it comes to creating a prenuptial agreement, Marriage should be approached as a “business venture” where both parties secure their rights and obligations against an unlikely and unforeseen circumstances. It is also important to understand that such an agreement is an essential part of a marriage contract, for both your future husband- or wife-to-be as well as yours. It is extremely advisable to consult with a legal professional in order to understand the different kinds of issues that might be covered in a pre-nuptial agreement. Here at The Law Offices of Michael Kuldiner, P.C. we believe that the better informed you are, the more protected will your financial rights and obligations will remain.
Why sign a Prenuptial Agreement?
Although many couples might not find signing documents such as a prenuptial agreement to be very romantic, if either you and/or your fiancé have been divorced, you probably already know how valuable a prenup can be. Rather than leaving things in the hands of the government in case of a separation or divorce, it makes a lot of sense to get a customized prenuptial agreement which will deal with the financial consequences if the marriage ends.
It is particularly important if:
- One party is wealthier than the other
- One partner earns much more
- You are remarrying
- Your partner has a high debt load
- You own part of a business
- To prevent your spouse from overturning your estate plan
- If you plan to quit your job to have children
When you need an attorney to represent you with your legal matters, contact the Law Offices of Michael Kuldiner, P.C. in order to obtain the best results possible in each case. To arrange a consultation, please give us a call at (215) 942-2100 or contact us by submitting the form at top right.