Pasadena PRENUP ATTORNEY
Why is a Prenup Important?
A prenup can provide peace of mind for both partners and protect their individual assets if the marriage doesn’t work out. In addition to providing financial protection, a prenup can also help couples have open and honest conversations about their financial expectations and goals for the future. This can help set the foundation for a strong and healthy marriage.
It’s important to note that a prenup is not a sign that a couple doesn’t trust each other or is expecting the marriage to fail. Rather, it’s a way to protect both parties and ensure that any financial issues are settled in the event of a divorce or untimely death.
Prenup Agreement Basics
Prenups can cover a wide range of topics, including:
DIVISION OF ASSETS
One of the primary purposes of a prenup is to establish a plan to divide assets in case of a divorce or death.
In a prenup, the couple can specify how their assets will be divided if any of the above events were to occur. This can include financial assets such as bank accounts, stocks, retirement accounts, real estate, etc.
It’s important to note that prenups can’t address issues related to child custody and child support, as these are determined by California state laws and are subject to the court’s discretion.
A prenup should be fair to both parties, and it should be entered into voluntarily without coercion. It’s a good idea for both parties to have their own legal representation when drafting and before signing a prenup agreement.
Spousal support
Spousal support, also known as alimony, is a form of financial support that one spouse may be required to pay to the other after a divorce. In a prenup, a couple can agree on the terms of spousal support, including the amount and duration of payments and any conditions that must be met for the support to continue. You can read more about spousal support here.
Business ownership
One aspect of a prenup is the protection of business ownership. This can include specifying which assets and liabilities will be considered separate property (belonging to one spouse before the marriage) and which will be considered marital property (acquired during the marriage). Additionally, a prenup can outline how business ownership will be divided in the event of a divorce. A prenup can also protect intellectual property. This can include trademarks, patents, and copyrights, which can be critical to the success of a business
Inheritance
In a prenup, individuals can specify how their assets and property will be distributed in the event of a divorce or death. This can include provisions for inheritance from one spouse’s family, such as a family business or real estate. For example, a prenup may state that a certain piece of property will remain in the possession of one spouse’s family, and not be considered marital property subject to division in the event of a divorce.
Debt
One of the common topics addressed in a prenup is the issue of debt. In a prenup, the couple can agree on how they will handle any debt that is accumulated during the marriage.
For example, the prenup may state that each spouse will be responsible for paying off any debt that they incurred prior to the marriage. This means that if one spouse had credit card debt or student loans before the marriage, they would be responsible for paying that debt off and it would not become the responsibility of the other spouse.
Additionally, the prenup can specify how any joint debt that is accumulated during the marriage will be handled. For example, the prenup may state that any joint debt will be split evenly between the two spouses in the event of a divorce. This can be helpful for avoiding disputes over who is responsible for paying off joint debt in the event of a divorce.
PASADENA PRENUP ATTORNEY
If you are considering a prenup, consulting with a qualified attorney like Leslie Howell is essential to ensure that your agreement is legally valid and enforceable. She can help you understand a prenup’s potential benefits and drawbacks and help you create an agreement that protects your rights and interests.
Leslie Howell is an experienced prenuptial agreement attorney in Pasadena who helps couples to create prenups that meet their specific needs and goals. She’ll advise you on the legal requirements for a valid prenup, help draft the agreement, and review it for completeness and fairness. She has years of experience in drafting and mediating prenup agreements.
What to Expect from a prenup Attorney in Pasadena
- A personalized approach: A good prenup should be customized to your unique requirements. Leslie will take the time to understand your needs and goals for the prenup. She’ll work with you to create an agreement that is fair and reflective of your unique situation.
- Expert guidance: Leslie is well-versed in California prenup laws and will ensure that your agreement is legally binding and enforceable.
- Compassionate support: Leslie understands that the process of creating a prenup is exciting but can be emotional as well. She is a compassionate and supportive prenup attorney.