Prenuptial Agreements Are A Contract For Marital Bliss
More people are getting married later in life and bringing substantial assets into their marriage. As a result, there is growing acceptance of premarital agreements. Once perceived as a sign of mistrust and a bad omen for the marriage, the value and common-sense benefits of prenuptial agreements have become more widely recognized.
These contracts between two people who hope to spend the rest of their lives together are not a sign of poor faith in the union. To the contrary, it provides an invaluable opportunity for the parties involved to discuss their current and future financial situations. Few things are more beneficial to beginning a new life together than a candid conversation about each partner’s assets and debt, existing estate plans, possible inheritance and intentions for how each party wishes to treat assets in a will.
Prenuptial agreements are a smart idea for same-sex couples who lived together for many years and are now getting married, particularly if a number of assets were accumulated together but titled individually. Call 816-751-0570 to schedule a consultation.
We Tailor Prenuptial Agreements To Suit Your Needs
At Jackoboice Law Firm in Kansas City, Missouri, we create prenuptial agreements that are designed to achieve the specific objectives of each couple. Effective agreements cannot be accomplished using preformatted documents. Attorney Jill Jackoboice will walk you through every detail you may wish to address and let you decide what to include in your agreement. Your agreement may include:
- Clear direction on which assets being brought into the marriage will become marital property and which will remain separate property
- Any debt that will remain the sole responsibility of one party
- Predetermining the amount of spousal support in the event of divorce or waiving it completely
- Protecting future income from being considered a marital asset
- Clarifying inheritance to children from a past marriage
- Protecting an existing estate plan
- Protecting confidentiality
Your Agreement Must Be Able To Withstand Challenges
In many ways, a premarital agreement is an insurance policy that protects against costly litigation if a marriage ends with a contentious divorce. The agreement must be structured so it cannot be successfully challenged. Both parties must clearly understand every aspect of the agreement before signing it, and each party must have access to independent legal counsel while it is developed. In other words, separate lawyers are recommended for each party.
We welcome the opportunity to explain all of the benefits of premarital agreements to you and help you determine whether it is the right step. Call us or use our online contact form to schedule a meeting.