In the past, only rich couples are drafting a prenuptial agreement. Now, everybody else is doing it, and that’s regardless if they’re young, old, famous, unpopular, rich, or poor. Because more than expecting a divorce from a marriage that barely started, a prenup agreement serves as the couple’s security blanket in an event that the union did get awry.
Prenuptial agreements will save you a lot of time and money during the divorce process. Because most of the things related to your properties and other concerns are already addressed in there, the court will only have to decide on alimony, child custody and support matters, if there are children involved. Clearly, prenups can also give you more assurance that you’ll walk out of a divorce dignified.
To write a prenuptial agreement, you simply have to talk to a family attorney in Albuquerque, NM to help you prepare all the paperwork. An experienced family lawyer will also tell you about the things that should and can be covered in the agreement. He will guide you during the brainstorming process and help you arrive at sound decisions as well.
The Advantages of Having a Prenuptial Agreement
Writing a prenuptial agreement allows you to keep your assets, properties, and debts separate from your partner’s. Without this agreement, all properties acquired and debts incurred during the length of the marriage are considered communal. This means the two of you have equal sharing of all of these. With a prenup, you don’t have to relinquish half of your properties to your ex-partner in the event of a divorce. What was yours will remain yours.
In some cases, prenuptial agreements are used as a taxation strategy to preserve the inheritance of the children. Division of properties is one of the most common reasons why a prenuptial agreement is drafted. Consult with a seasoned family law firm in Albuquerque, NM to enlighten you on how this works.
But more than all of these, what a prenuptial agreement actually does is define the rules of the divorce. In the absence of one and the parties involved can’t arrive at an agreement, the court will have to decide on everything. Going to the court to settle the differences of the ex-couple could cause a lot of trouble on both parties, not to mention increased pain and anxiety. A prenup saves everybody involved all of these hassle.
The prenuptial agreement could cover a lot of things, from properties to insurance. However, what it cannot touch, are matters that concern alimony, child custody and child support. These are reserved for the judge to decide upon on the day the marriage came to an end.
To fully understand what a prenuptial agreement is and what it is not, consult with an expert in family law in Albuquerque, NM. Advocates New Mexico has the experience to provide you with reliable and experienced family law advice to help you in protecting your rights and the rights of your children. Talk to us about your family law concerns.