Planning a wedding is an exciting time, but engaged California couples may want to look beyond their wedding day when planning for the future. While no couple goes into marriage assuming it will end in divorce, it is possible this could happen, compromising the financial interests of both parties. This is why a prenuptial agreement could be useful.
Prenups are not only reserved for the rich and famous. There are significant benefits to having one of these agreements, regardless of income level and wealth. This contract allows both parties to look to the future with confidence and reduces the chance of complex litigation in the event of a divorce. It can be difficult to talk about money, but the conversations required to draft a prenup can help an engaged couple avoid money-related contention in marriage.
These agreements allow the two parties to declare what will happen with their finances and assets if their marriage ends at some point. It can outline how the division of marital property will work and whether one party will get spousal support. With these contracts, it is important to ensure it is properly drafted. Enforceability through fair terms is crucial in case the agreement is challenged.
A prenuptial agreement is a legal contract with terms that can greatly impact a California spouse’s future. This is why it is helpful to work with an experienced legal ally when drafting this agreement. Every situation is different, and it is possible to custom-tailor this agreement to suit the financial circumstances and unique long-term objectives of the couple.