It is common for couples who are entering a marriage to choose to get a prenuptial agreement. Not only may they find that it is necessary to protect themselves in the event of a divorce, they may find it necessary due to the laws pertaining to the distribution of property and assets in their state. With this type of agreement protecting your property and assets, should a divorce occur, certain items that were acquired during marriage may not be at risk of being divided between you and your spouse.
There are many items that people chose to include in their prenuptial agreements, but the following are common items that people include:
- Retirement benefits.
- Joint bank accounts.
- Savings contributions.
- Household expenses and bills.
- Credit card payments and spending.
With these items being included in your prenup, state laws may not affect the division of your property and assets or require you to divide them at all. These laws vary from state to state, and depending on where you live, marital property will have to be divided in a certain way. For example, some states will separate property evenly between spouses if there is no prenup. This is something that one or both spouses may be dissatisfied with, especially if one spouse does not feel the state's laws are fair or they do not want property to be divided evenly.
Should you or your spouse be interested in getting a prenuptial agreement or have questions about your state's property division laws, a prenuptial agreement attorney may be able to assist you. You have the right to protect your assets and property, and a prenuptial agreement can help you do so.