If you are not yet married, you may consider drafting a prenuptial agreement with your future spouse. These agreements are incredibly useful tools for people from all walks of life. Please continue reading and speak with our Los Angeles divorce attorney to learn more about some of the reasons why you should consider drafting such an agreement. They are as follows:
- Entrepreneurs/business owners can greatly benefit from prenuptial agreements. If you are a business owner or entrepreneur, there is a very good chance that you would like to protect your business from a potential divorce. You can outline each of your business interests, stock options, and more in a prenuptial agreement to ensure those assets go directly to you in the event of a divorce.
- California is a community property state. There are various states that are considered community property states. Essentially, living in a community property state means that everything purchased during a couple’s marriage will be split 50/50 in the event of a divorce, regardless of who purchased the item or property. However, this means that certain assets you would like to consider yours may go unprotected in a divorce. You can list those assets in your prenuptial agreement.
- One spouse is a stay-at-home parent. If you plan on being a stay-at-home parent before and after marriage, there is a very good chance that you will have very little cash flow of your own. That being said, your work around the house saves your family a great deal of money, which is why you should strongly consider outlining terms of alimony and otherwise, should you ever get divorced in the future.
- You have children from a previous marriage. If you have already been married and have children, you can include provisions in your prenuptial agreement to help ensure that should you ever get divorced a second time, your assets will be transferred to your children, and not to your former spouse.
- You have a significant amount of debt. Just as spouses are often required to divide assets in a divorce, you may also have to divide debt in a divorce, even if you did not incur the debt yourself. For this very reason, if your future spouse has a significant amount of debt, you should strongly consider including this debt in a prenuptial agreement to protect yourself from having to pay it off, should you ever get divorced.
If you would like to draft a prenuptial agreement, simply give our firm a call today. We are here to help.
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Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.