Jamie Graham & Associates, PLLC

Prenuptial agreements can be helpful should divorce occur

Couples in Texas and throughout the United States don't often think about the need for a prenuptial agreement as they are making their wedding plans. They may believe that discussing such a document prior to their marriage signals the assumption that they will get a divorce one day. However, many experts contend that this is the ideal time for couples to share their feelings and expectations regarding a variety of issues surrounding their relationships.

Many hold to the belief that prenups are reserved for only wealthy or celebrity couples. Yet, prenuptial agreements can be beneficial for couples of any financial status. Couples with children from previous marriages would likely want to protect property or other assets that would be included in an inheritance. Other individuals with an established business or career may want to protect his or her interests in the marriage.

Couples can draft the prenuptial agreements to fit their situations, with as much or as little detailed in the documents as they choose. Most prenups address how division of property will be handled in the event of a divorce. Some agreements also include provisions if one spouse dies.

Marital agreements are often established prior to the wedding. However, if a couple did not do this, an agreement can still be made that will serve the same purpose as a prenuptial agreement. A postnuptial agreement can be developed after a couple has already tied the knot.

Whether couples are planning their wedding or have been married for some time, a marital agreement may be advantageous to them. Whether it is prenuptial or postnuptial, these agreements can protect an individual should a divorce occur. A Texas divorce attorney can provide assistance in developing such agreements. An experienced lawyer will help design an agreement that will meet a client's specific needs.

Source: mondaq.com, "Prenuptial Agreements - Who Needs Them?", Crystal Espinosa Buit, Dec. 28, 2017

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