When you say “yes” to your spouse when they propose, you’re likely ecstatic to start wedding planning. However, this is one thing you should consider before saying “I do” at the altar. Prenuptial agreements are a great tool that many couples should, at the very least, discuss establishing before getting married. However, there are many things you must know about these documents before you sign a prenuptial agreement. The following blog explores what you should consider before you agree and why it’s imperative to consult with Los Angeles prenuptial agreement attorneys as soon as possible.
What Is a Prenuptial Agreement?
A prenuptial agreement is a legally binding document that spouses will sign before they are married. These determine the division or property and spousal support, among other common issues, in the event of a divorce. It is essential to note that child custody cannot be determined in this document.
Generally, many assume that only wealthy couples can benefit from these documents. While yes, those with considerable and high-value assets do benefit from having a shield in place, these documents can benefit all couples. They ensure that communication regarding finances is open and honest, helping prevent issues down the line. Similarly, it can provide peace of mind for the future in the event of a divorce. For example, you and your spouse may decide that whoever gets custody of the children will reside in the family home, which can ease anxiety about the “what if’s” of marriage.
Do I Need to Do Anything Before I Sign a Prenuptial Agreement?
Before you and your spouse sign the final document, there are things you must consider. First, you’ll want to ensure you and your spouse have disclosed all your assets and debts to each other. If you have not, and it’s revealed later that one of you hid the extent of your wealth or debts, the agreement can be deemed invalid.
Additionally, the most important thing you can do is have an experienced attorney review the terms and conditions set by your spouse to ensure the division of assets in the event of a divorce is fair. Though you may love and trust your spouse, this is a legally binding document, so it’s best to have a qualified attorney review it. If they find anything wrong with the document, they will inform you so you are aware before you sign the contract.
If you have any doubts or concerns about the agreement or validity of the document, it’s important to raise these questions with your spouse and their attorney. You should not sign this legally binding document if you are concerned, especially if you have not had an attorney review it yet.
At the Zitser Family Law Group, we understand how complex prenuptial agreements can be. That’s why our team is dedicated to helping you and your spouse reach an agreement that is in both of your best interests. If you’re considering this document, contact our team today to learn how we can assist you in reaching a deal best for your new family.