
Many persons regard these types of agreements as devices to safeguard the assets of the wealthy spouse from the other spouse in a divorce.
But that is certainly only one possible benefit for these agreements.
By and large, these documents protect the actual assets regarding both spouses not from each other but from creditors, whether just one spouse has more wealth versus the other partner or not.
For example, any court action against one spouse will not affect the particular property and income of the other partner, if the properties and also income of the couple are completely independent.
These agreements can be useful in second marriages, as well.
Perhaps one particular or both spouses desire to protect property for the main benefit of children associated with prior unions.
In addition, prenuptial arrangements and postmarital contracts will lessen legal expenses in case of death as well as divorce.
It's better to make certain in advance your property go where you desire it to go, instead of paying attorneys to determine the issues later.
Couples are free to draft the particular terms with their agreement in several ways. They could characterize any of their residence or income to be “separate, ” which means it can be owned individually, or to become “community, ” so this means it can be owned with each other.
They simply need to designate the actual assets or perhaps income as “separate” or perhaps “community” inside agreement.
How much will this prenuptial contract or postmarital arrangement cost?
This will depend on the complexity from the case. But the price tag on the agreement will likely be far below the cost of not obtaining the agreement if it is needed in the foreseeable future.
Some people believe it is unromantic to have agreement that will establishes separate ownership of varied assets in addition to income.
But just isn't it wise for each and every spouse to protect the additional spouse through possible creditor problems in the foreseeable future?
Glickman-Collins has the experience to make the prenuptial agreement or postmarital agreement that is certainly exactly right for your needs.
Call Glickman-Collins today for just a free discussion.
Glickman-Collins Law
Craig Glickman and Robert Collins
www.glickmancollinsfamilylaw.com
214-407-2607 Call up Now!
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