Sometimes, partners enter into marriage in very different financial circumstances. In certain situations, it may make sense to protect premarital assets by drawing up a prenuptial agreement. Prenuptial agreements can be difficult to discuss, but if you need to protect your assets before marriage, contact a Clarksville prenuptial agreement lawyer.
The legal team at Mathis, Bates & Klinghard PLLC (MBK Legal) has assisted clients in navigating the sometimes uncomfortable conversations necessary to put in place prenuptial agreements that can eventually lay the foundation for a solid marriage. Let us help you, too.
A prenuptial agreement is a legally binding contract between two partners that protects their premarital assets in the event of a divorce. The agreement, also known as a prenup, details the responsibilities of each partner should a divorce ever occur.
A prenup can include a number of important details regarding infidelity, asset division, and alimony. However, for some couples, a prenup discussion can be a tough conversation to have.Some couples may view a prenuptial agreement discussion as a threat to the marriage.
One partner’s decision to make a strong effort to protect the assets they have acquired prior to the marriage can be a sore subject for the other partner. They may see their partner’s insistence on protecting their assets as a slight or possibly even a threat to the marriage itself.
In these cases, a lawyer can help explain the benefits of a prenuptial agreement. For many couples, a prenup is a crucial source of protection that helps both partners feel a sense of stability. Some even find that it benefits their relationship by helping them be transparent about the difficult topic of finances.
Prenups are often tailor-made for the couple in question. Every person comes to a marriage with different financial assets, whether they are inherited or hard-earned. Prenups generally focus on financial items but can include personal matters like the increasingly popular infidelity clause, which can activate a financial payout to the aggrieved spouse in the event of an affair.
Prenups do not include child support or child custody issues, which will be determined by the court in the event of a divorce after children. Here are some of the areas that are generally covered in a standard prenuptial agreement:
A: It is difficult to determine how much a prenuptial agreement costs in Tennessee. Much of the cost will be determined by two things: the experience of the attorney you hire and the complexity of the prenuptial agreement you seek.
Additional costs could occur due to the complexity of the assets and the amount of negotiation there might be between you and your partner. You should discuss attorney’s fees at your first consultation with a lawyer.
A: Many people wonder how much money you need to have to make getting a prenup worth it. While many wealthy people consider a prenup to protect their considerable assets, you don’t need to have much money to draft one for your own relationship.
People draft prenups for all sorts of reasons. Sometimes, it’s to protect valuable assets. Other times, it’s to ensure that one partner’s infidelity activates a payment clause or to protect a future inheritance.
A: When drafting a prenuptial agreement, there are a number of terms you should not agree to. Be careful when agreeing to any provisions that you feel are unfair to you or your marriage or that encourage divorce. Prenups should also not include personal preferences, such as who should do chores or how children should be raised. You also cannot include anything that is illegal.
A: Prenuptial agreements tend to hold up in court whenever the terms are fair and the agreement is drawn up correctly. If the terms agreed to in the agreement are considered unfair, illegal, or drafted incorrectly, the prenup may be considered null and void.
If the prenup is proven to have been signed under duress or manipulation, it may also not hold up. Both parties should have their own legal counsel to ensure no one is taken advantage of.
Drafting a prenuptial agreement can be a sensitive and sometimes challenging process. If you are in a position where you need to protect your premarital assets prior to marriage, hiring a Clarksville prenuptial agreement lawyer should be your next step. We have experience in helping our clients through this delicate yet necessary transaction.
The legal team at Mathis, Bates & Klinghard PLLC (MBK Legal) is prepared to assist you in developing a prenuptial agreement that satisfies both you and your partner. We can help you work out the finer details, keep you from being taken advantage of, and protect your interests throughout the process. Contact us to schedule a consultation with a valued team member today.