Marriage - The great financial frontier
Protect Your Assets while wed
September 14, 2004
By Michael Joseph
For asset protection in marriage
a prenuptial agreement or "prenup" is agreed
to by the potential groom and his lawyer and the potential
bride and her lawyer. This practice has long been
used by the rich and powerful to protect their assets
and their financial well being from undue litigation
on the part of a divorcing spouse. Now people who
are not rich and powerful are seeking to protect their
assets in a similar way as the rich and powerful.
This should not be seen as an eroding of trust in the
people we intended to marry; rather it should be looked at as a
responsible and mature way to plan for future problems. This move
is mature and responsible due in large part that the institution
of marriage in the United States is 50% likely to divorce within
a few years becoming man and wife.
You're getting married and you want to protect your assets by having
a prenuptial agreement ready for your partner. Who do you talk to
about getting a prenuptial? What do you list in the prenuptial agreement
as a legitimate asset? Are their stipulations that should be included?
All excellent questions and the answers are quite simple, as the
first questions answer is an attorney.
Find a reputable attorney that deals with prenuptial agreements
and talk to them. By talking to an attorney you'll have your other
questions answered such as what you list as a legitimate asset.
And the answer to the question of stipulations is that it is up
to you, as no attorney recommends a "one size fits all"
style of prenuptial agreement.
How do you find an attorney? That is quite simple. By going online
and searching for attorneys and prenuptial agreements you'll find
a large number of attorneys and law firms that deal with prenuptial
agreements. It's that simple.
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