Do I Need A Premarital Agreements?
Getting married is a beautiful thing, but in the eyes of the law, marriage is little more than an agreement between two people to live together as a family. To protect your assets, you will need to draw up a premarital agreement between yourself and your soon-to-be spouse (who may also have assets that need protection, as well).
Due to the complicated nature of marriages, and finances, you will need an experienced attorney like the one you will find at Howe & Garside to draw up a professional premarital agreement. While protecting your assets and your investments, will also be mutually agreeable with your soon-to-be spouse and his/her assets and investments.
What does a premarital agreement cover?
While there are many things that a premarital agreement cannot cover, there are some things that can be addressed in such an agreement.
It is not uncommon, these days, for people to have investment properties and primary residences that they bring into a marriage. If one, or both, spouses have pre-marital property, it can – and should – be protected under a properly drawn up agreement between the two soon-to-be newlyweds.
Children From Previous Relationships
If one, or both, of the parties involved in the marriage, have kids from previous relationships or marriages, it is the legal duty of said parent to provide for the children appropriately. This matter can, and should, be addressed in a properly drawn up and executed, agreement.
It’s common for both parties in a marriage to work – in whatever capacity – a properly written and executed premarital agreement can, and should, outline the financial responsibility of each party during the marriage. For example, who pays the mortgage? Who pays the household bills? Who provides for the children, and what’s considered a reasonable provision for the children in question?
For more information on how Howe & Garside can help you execute a proper premarital agreement contact us today for your free, no obligation consultation.