Are Prenuptial Agreements Relevant
Be practical, divorce is quite common these days. We know love and trust are the two pillars of a successful marriage, but there are so many things that can make a marriage take its last breath. Marriage is not a piece of paper; it is liabilities, responsibilities and more. We are obviously not encouraging divorce, but there should a guard put in place to protect yourself from a failed or troubled marriage.
You might not envision having a divorce in your future, but it is essential to have a premarital agreement or as it is otherwise known, prenuptial agreement or “prenup”. With the divorce rate being what it is, you should do this with the help of a family law attorney in OKC.
Why Do You Need One?
In the situation you have a significant property that you would want to protect if you filed for divorce, you should make a premarital agreement. If you do not have any such significant property, an agreement is not necessary. However, for a significant asset that is expected to benefit you and your spouse both or inherited there should be an agreement. There could be several reasons for making an agreement but the most prominent reason is asset protection so that there is no hassle in the future.
An agreement would mean that in future if you have a troubled marriage and want to split from your partner, you are saved from many conflicts. This agreement can include guidelines for different issues like life insurance, assets, wills and estates, property agreement, liabilities or obligations etc.
What Can It Not Do?
A prenuptial agreement has no adverse effect on child custody or child support in the future; you have to consult with a family law attorney in OKC separately for that. If the prenuptial agreement has waived spousal support, it might not be enforceable upon divorce later. If the spouse who waived the right to support, did not have legal representation when signing the document, the court has full right to invalidate it. Similarly, if one spouse was not present when making the agreement or was not fully informed and aware of its ramifications, the court may invalidate it.
If you are planning on getting married, come to our family law attorney in OKC at Mazaheri Law Firm to create a prenuptial agreement. It will not hurt your partner, but instead helps you both to live a happy life ahead.
** Disclaimer: This blog content is no substitute for legal advice and in no way implies a lawyer-client relationship.