A prenuptial is basically a contract between you and your future spouse in which you both agree to terms which are different than what Nevada law would usually dictate because of divorce and community property laws. Normally a couple must sign the prenuptial at least 10 days before the wedding. The prenuptial agreement outlines the financial consequences that you have mutually agreed to before you got married in the sad event that your marriage ends in divorce.
There are many reasons why you may benefit from a prenuptial agreement. Here are a few.
- You have more property and assets than your future spouse. A prenuptial agreement can insure that your partner is marrying you and not your money.
- You have a lot less property and assets than your future spouse. A prenuptial agreement can afford the poorer party fair support and make sure that the partner that is less well off financially is protected.
- You make a lot more money than your future bride or groom. A prenuptial agreement can limit the amount of alimony that is to be paid.
- This is a second or third or beyond marriage for you and/or your fiance. When you remarry your legal and financial profile is often quite different than it was in your first marriage. Maybe you have children from your previous marriage. Maybe you now have other obligations for support (child support, alimony). Maybe you now own a home or a business. A prenuptial agreement can ensure that when you die your assets are distributed the way you want and that neither your first family or your new family are left without financial support.
- Your new partner has a lot of debt. If you are marrying someone with significant tax, credit card, or other debt, you don’t want to be responsible for these debts. A prenuptial agreement can make sure this does not happen.
- You own your own business or part of a business. Without a prenup, when your marriage ends, your spouse could end up getting part of the business you worked so hard to build.
- To prevent you new spouse from changing your estate plan. A prenuptial agreement can make sure that your estate gets distributed the way you want it to be distributed.
- If your plan is for one parent to be a stay at home mom or dad a prenuptial agreement can make sure that the financial burden of raising the children is shared fairly by both parents in the event of a divorce.
We have prepared numerous prenuptial agreements and will listen to your particular concerns. Sometimes, under the right circumstances, a lesser known document called a post nuptial agreement is appropriate and can significantly benefit a husband and wife.
Come in for the free consultation so we can discuss your particular situation and circumstances. Typically in the consultation we cover prenuptial agreement concerns, quote you a price and discuss payment options and plans.
IT’S COMPLICATED, BUT WE MAKE THIS STUFF AS SIMPLE AS WE CAN.