Makes Settlements much Easier
A prenuptial agreement covers pretty much all facets of a marriage except for limitations relating to child support or child custody. Agreement terms defined before the wedding are much easier to follow and finalise when an agreement is drawn in order to avoid long legal battles during a divorce. It is important that both parties get their own legal council before signing a prenuptial agreement.
Helps Segregate Debt Obligations
The most common reason for doing prenuptial agreements is to determine a common ground regarding ownership of assets and financial liabilities. Prenuptial agreements may be used to segregate assets, debt obligations, credit card payments and sharing of expenses towards loans and other investments that are made after the marriage.
Helps Avoid any Unexpected Surprises
Prenuptial agreements save you from any unexpected surprises and provide a clear understanding of the potential consequences in case the marriage ends. It allows you to maintain separate ownership of items you owned prior to marriage so that they will not be divided in the event of a divorce. It also helps couples to know which items are jointly owned when they purchase properties or make other investments together.
Helps Protect Children from the Previous Marriage
Couples entering a marriage for the second time often opt to sign a prenuptial agreement. Clauses pertaining to responsibilities, obligations and distribution of assets to children from previous marriages can be added to the agreement. This ensures that children are well protected against any changes in assets from their parents.
Prenuptial agreements are not just a way of declaring the ownership of family properties and assets after a divorce. A well-crafted prenuptial agreement written with a help of certified family law specialist in California helps determine your role and your responsibilities in a marriage.