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Advantages of Prenuptial Agreements before Marriage

Signing up for prenuptial agreements can benefit you in more ways than you can imagine. By consenting to such agreements, you will not only protect your assets in case of a divorce, but your financial security is also guaranteed in the long run. Prenuptial agreements essentially outline various assets procured before marriage, during, and how such properties shall be divided if the marriage ends. Despite their immense benefits, most couples fail to comprehend their vital role in matrimony.

Understanding why prenuptial agreements are necessary will dispel any misconceptions while guiding you on the right decisions before settling down. In most cases, you must disclose personal property obtained before matrimony in the presence of a prominent attorney. This mainly includes high value assets such as cash deposits at the bank, real estate and shares in various companies owned. Apart from assets, couples should also disclose personal debt incurred and their respective debt management plans.

In the absence of prenuptial agreements, property division will be determined according to State law, which can adversely affect your financial security irrespective of what you had hoped for. Rather than risk losing a huge chunk of legally acquired property to your ex-spouse, take adequate precautions to uphold asset protection at all times. Depending on your exact needs and preferences, prenuptial agreements can be tailored to satisfy your individual desires as a newly wedded couple.

It is important to note that several guidelines need to be met before prenuptial agreements can be considered valid before the court system. This means that both spouses need to agree and set stipulations based on sound judgment and free will, and not on coercion. Before making any decision, contact an experienced Texas divorce attorney for crucial advice.

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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