Legal Effects Of Having A Prenuptial Agreement

by prenupagreement

In regards to the custom of nuptials or marriage, couple would participate in marriage as a result of shared feelings, they love one another, wish to have children and family, without any discussion of properties, instead, love, sharing and understanding. Over the years, couple experience problems, trials, financial uncertainty so they would find themselves being counseled due this cause. That’s the reason why these days people would accept the prenuptial agreement. It’s only been practiced fairly recently but it’s actually already been applied since 1916.

A prenuptial agreement is a contract or agreement made by a couple prior to marriage. The agreement features conditions like dividing of property and spousal support in the case of divorce or breakup of marriage. There are many reasons why people choose this kind of relationship, a few are to keep their wealth in the family, financial purposes, inheritance, literally business etc. What are the advantages and disadvantages? Is it actually the solution to have a prosperous married life? The advantages are less legal fees, coverage for the wealth of the first children, security of family, this agreement could be made either in a marriage or before or after anticipation of separation, and gives heirloom and business protection against creditor. Although the down sides, there is unsecure child support, and eradication of alimony (in a few states).

Although some prenuptial agreements are successful we cannot prevent the undeniable fact that some agreements still fail and lead to a divorce. Psychologically it has an effect on children, stressful or painful influence on the part of a child. As an adult, a couple must look at the opinion, feelings of these children. Being married is not only a delight of the flesh but many sacrifices, responsibility, and instructing their children on how to be a good person. A Wiseman says, marriage is like dancing a “Tango”, that can take “two to tango”. (it will take two persons to dance the tango, and minus the cooperation of the two parties the dance will not be good”.)

Some results of unsuccessful prenuptial agreement: a child will always become involved in troubles, drugs, many vices, they are seeking fun in those, and a few are into illegal transaction; these are generally the results of such. Based on study these are the types of prenuptial agreement: 1. A financial agreement utilized to deal with couples’ financial inequalities; 2. Financial agreement made during a marriage – this may be before or immediately after separation and even during a marriage; 3. A financial agreement that’s made soon after divorce has been ordered.

And in relation to de facto relationships: 1. A financial agreement used when couples are anticipating a de facto relationship; 2. Financial agreement made in a de facto relationship; 3. Financial agreement made after de facto relationships comes to an end.

 

A prenuptial agreement can benefit you. For more information visit our prenuptial website.