Prenuptial agreements, or prenups, have become more common in recent years, and for good reason. Nobody enters a new marriage thinking it will end in divorce, but these arrangements provide preventative measures to safeguard your assets. Prenuptial contracts are practical tools to protect yourself, your assets, your children, and your future.
As an experienced attorney can attest, prenups can be especially beneficial for people getting married later in life because they often have more assets or family businesses. Call a Town and Country prenuptial agreements lawyer at Jones Family Law Group to discuss your needs and goals for the future.
The Benefits of Prenuptial Agreements
Everyone hopes their marriage will last forever. However, a valid prenuptial agreement can significantly ease the proceedings and litigation in the event of a divorce. Other benefits of prenuptial agreements include the following:
- They protect the property and assets you owned prior to the marriage
- They can provide straightforward and simplified settlement agreements
- They offer security to adult children from previous marriages
- They encourage open and honest communication with your future spouse
Prenuptial arrangements and contracts may not sound romantic, but entering a marriage is also a legal contract. As with insurance, prenups are simply a tool to prepare and reduce financial uncertainty should you need it in the future.
Who Should Consider Prenuptial Agreements?
Prenuptial agreements can be suitable for anyone entering a marriage regardless of age or financial standing. However, prenups are common for certain individuals, such as:
- People entering a marriage with children
- People entering a marriage with substantial wealth
- People who may be inheriting wealth during the marriage
- Those who have already been through contentious divorce proceedings
- Individuals with business partnerships
Divorce and remarriage continue to become more common, and prenuptial agreements allow you to avoid lengthy disputes and litigation and protect your assets. A skilled Town and Country attorney at our firm could review your options and draft a prenuptial contract tailored to your unique circumstances.
The Legal Requirements for a Valid Prenuptial Agreement in Missouri
The state marital contract laws provide two primary elements for creating an enforceable prenuptial agreement. The two individuals entering the marriage must understand the terms they agree to after fully disclosing to each other all of their income and assets, and sign the legal document freely, knowingly and willingly.
Additionally, the prenup must be guided by conscionability. In other words, the terms of the agreement must be fair for both people executing the agreement. Both parties should seek separate legal advice to ensure the agreement is in their best interests and that they fully understand any rights that they may be waiving but signing the agreement. An experienced prenuptial agreements lawyer in Town and Country could answer your questions and help draft an agreement that is fair and in your best interest.
Call a Prenuptial Agreements Attorney in Town and Country
Prenuptial Agreements are practical tools for protecting your assets. They also help avoid disputes and ongoing litigation should you and your partner separate.
If you are getting married, talk to a Town and Country prenuptial agreements lawyer. The legal team at Jones Family Law Group could answer your questions and help draft an agreement that meets your needs. Call our firm today to set up a confidential consultation.