While no one enters a marriage assuming it will end in divorce, it is prudent for one to plan for that possibility. By creating a prenuptial agreement, one can outline what will happen with his or her marital property in case this happens at some point in the future. A prenup is a marital contract that addresses financial matters in the event of a divorce, but it can also offer other benefits and protections as well.
Who can have a prenup?
A prenuptial agreement is not a benefit only available to the ultra-wealthy and famous. This contract provides protection to California couples of all income levels as it reduces the chance of costly and complicated litigation over community property. By deciding how the division of marital property will work ahead of time, it can make a divorce simpler and easier.
Prenuptial agreements also offer benefits to those who have children from previous marriages or those who have closely held personal property they wish to protect. This could be especially important for someone who owns a business or expects to receive a significant inheritance at some point. Like other types of contracts, these agreements are custom-tailored to the individual needs and objectives of the couple.
Help for California couples
When a couple is preparing to marry, they will benefit from seeking the guidance of an experienced attorney regarding their need for a prenuptial agreement. These agreements can provide a strong foundation for a couple entering marriage as they require the two parties to have important conversations about finances. With a prenup in place, the chance for a complicated fight over marital property during a divorce is lower.