Strengthening Your Future Before You Say “I Do”
In the past, many people thought of prenuptial agreements as something only for the very wealthy. However, discussing your assets and allocating them from the start may create an honest fiscal conversation and create marital trust, such that you might never have to use your prenup.
What Are The Differences?
A prenuptial agreement (prenup) stipulates what property will belong to each spouse should the marriage end in divorce. It can cover everything from family inheritance to property you owned solely before the divorce. Generally, prenuptial agreements do not address child-related issues, except on a temporary basis in the event of divorce proceedings.
With second marriages becoming more common, many people who are getting remarried have considerable assets and children for whom they want to protect and provide. Creating a legally binding document that ensures your heirs of the future receive what you want for them has the added benefit of ensuring an honest partnership. In fact, there are many benefits to prenups.
Postnuptial agreements cover the same issues as prenuptial agreements; they are simply created after the couple is legally married. When there is trouble in the marriage, it is often wise to enter into a marital agreement while the parties attempt to reconcile their differences.
Lastly, a cohabitation agreement may be appropriate for an unmarried couple that resides and/or purchases property together, in the event the couple separates or there is a death.
Contact A Prenuptial Agreement Attorney In Beacon Hill
To speak with a lawyer, contact us today by calling 617-227-4040. You can also contact us online. Many of our current clients were referred by former clients, and we think this is good for you to know.
Based in Boston, our attorneys serve throughout Massachusetts. We’re here to answer your questions and address your concerns.