Prenuptial Agreements
A prenuptial agreement, also termed an antenuptial agreement, is a legal document that helps couples safeguard their finances should the relationship come to an end. A prenuptial agreement can help to ensure that any assets, finances, and liabilities are protected for both parties.
With a prenuptial agreement, couples are able to protect their existing assets and liabilities from being divided in the event of a divorce or death. This means that each partner can keep what is rightfully theirs should the marriage end in separation, divorce, or dissolution. Prenuptial agreements also provide clarity about financial arrangements during the marriage, settling any possible disputes before they arise.
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While it's generally not considered a "romantic endeavor," prenuptial agreements are essential for couples who have investments or assets they want to remain separate from their spouse.
The process can involve extensive negotiations facilitated by our attorneys to ensure that everything is settled fairly and to make sure that both parties are aware and comfortable with the terms of the prenuptial agreement.
Our Family Law attorneys understand that making decisions about your future can be daunting. We offer a free consultation to explain the prenuptial process.
During your consultation, our attorneys will guide you and answer any questions you have about a prenuptial agreement so that you have the information you need to make the best decision for your future.
Schedule your free consultation by calling (440) 930-4001.
Is a prenuptial agreement legally binding?
Yes. A properly drafted prenuptial agreement is a legally binding document that both parties must sign for it to become valid.
In addition, the contract must meet all state and local laws in order to be enforceable. A prenuptial agreement can outline any financial arrangements or assets that couples wish to keep separate, such as inheritances, businesses, investments, and debts. It can also help protect each partner’s income and establish rights for the division of marital property should the marriage end.
Once a prenuptial agreement has been signed and notarized, it is legally binding and cannot be changed without both parties agreeing to the revisions.