A brief insight into the prenuptial agreement
Entering a marriage can be complicated at times. That is because marriage unites two individuals and may create ties that involve sharing many financial assets and debts. When a couple decides to get married, they think that the marriage will last forever. However, sometimes, the marriage ends in divorce. In Orange County, California people who are about to get married should consider preparing a prenuptial agreement before planning the wedding.
A prenuptial agreement may protect the couple’s individual financial assets as well as prevent them from having to take on each other’s debts. The prenuptial agreement may help avoid long and costly disputes in the future if a divorce becomes imminent.
In a prenuptial agreement draft, it is a good idea to indicate that mediation must take place before taking legal action if disputes occur. The prenuptial agreement may state that both parties agree to try to resolve their disputes in order to minimize the damages. In that case, including divorce mediation in the prenuptial agreement may be the most sensible route to take.
A prenuptial agreement is an arrangement between future spouses that may be ideally written to protect the rights and interests of both parties. The prenuptial agreement may vary, depending on the couple and the complexities of the agreement. The agreement may minimize the burdens of divorce by planning ahead for possible issues like division of marital property and alimony disputes.
It may be best for people who have concerns and interests related to the prenuptial agreement to seek help from legal professionals. A legal professional may help the couple through mediation as well as providing revisions to the prenuptial agreement draft.
Source: Huffingtonpost.com, “A Novel Approach To The Prenuptial Agreement,” Diane L. Danois, March 11, 2013