A prenuptial agreement is a practical approach to protect assets acquired in the past and after the marriage. In the event things do not work out, a well-drafted prenup can help avoid a contentious split and costly litigation.
So when might a prenuptial agreement be a good idea? Consider the following questions in making a determination about whether a prenuptial agreement might be right for you:
Do you have significant assets that you are concerned about keeping if your marriage does not survive?
Do you or your new partner have tax, alimony or child support obligations?
Is this your first marriage or are you remarrying?
Do you want to protect the assets of children from a prior marriage?
Do you have a financially dependent parent or parents?
Do you own a business?
Do you have a professional practice or partnership?
Is there any property in another state that could become the object of a dispute of ownership?
Are there outstanding debts that you need to address before marriage?
If you answer yes to any of the above questions then a Prenup maybe a good idea for you.
Contact an Orange County divorce lawyer if you need a prenuptial agreement.