You have probably heard a lot of talk about prenuptial agreements over the last few years. The Internet media covers celebrity divorces and marriages in-depth and prenuptial agreements take up a large part of these reports. As a result, other media outlets and Web articles discuss the wide-ranging advantages of prenups for people of all income levels.
Many engaged couples in Texas are focused on planning a wedding and dreaming of their new life together. Often, however, these couples fail to discuss the intricacies of their financial lives. Unfortunately, discomfort with talking about finances can present significant dangers to both parties. This is particularly true if a marriage ends when the couple does not have a prenuptial agreement.
When you are getting ready to get married and you want to make certain assets you own are protected in the event a divorce happens, a prenuptial agreement may be a good option for you. You may also be a person who is preparing to get married and your prospective spouse has requested that you sign a prenuptial agreement he or she has drafted. In either case, you may want to keep several important things in mind.
Although the outlook at the start of a marriage may be positive, a parting of ways later on can become heated and frustrating. By working to establish plans for such a scenario through a prenuptial agreement, you may head off some of the biggest battles of a divorce if the need to dissolve your marriage arises. A thorough evaluation of your current financial standing and assets is the first step to developing a solid prenuptial agreement.
Texas couples about to marry may not want to think about the possibility of getting a prenuptial agreement. The word "prenup" is a charged one, and some people believe it translates to a mistrust of a spouse or lack of faith in a relationship. In many cases, though, prenuptial agreements protect assets that the parties have going into a marriage. They can be especially important when one spouse makes significantly more money than the other.
Texas residents may be interested in a new trend that is arising across the country - the social media prenuptial agreement. With the rise of social media, people increasingly post large portions of their lives online for the world to see. However, when one spouse might be inclined to post what are thought to be attractive pictures of the other in a bathing suit, a social media prenup can help avoid issues.
Some individuals in Texas might be considering drafting a prenuptial agreement as their wedding approaches. While such documents often provide effective protection of premarital assets, they are might be contested when a divorce occurs, and proving the agreements legitimacy can be expensive. Individuals have other options that might provide better asset protection.
Texas residents who are preparing to marry may wonder about the best way to bring up the possibility of a prenuptial agreement. After all, some may think it is unromantic to bring up something that contemplates divorce before the parties are married. However, there are ways to bring up the subject in a way that highlights its benefits without making it sound as if the partner is planning an exit before saying "I do."
While planning the details of a prenuptial agreement can certainly take the romance out of planning an upcoming wedding, an increasing number of Texas couples are considering it to avoid costly divorce proceedings in the future. A prenuptial agreement is used to decide how assets will be divided should the marriage fail. While it is common for wealthy couples to have a prenup in place, even couples of average income can benefit from drafting one before getting married.Many individuals are deciding to marry later in life after they may have established assets. Finance professionals advise that individuals consider his or her net worth before getting married. This is especially important if one or both have a net worth over $100,000. Prenups are also useful when one member of the union has keepsakes or family heirlooms that he or she does not want to risk losing during a divorce. These details can all be discussed and agreed to before the marriage takes place.
Almost every divorcing couple argues over money at some point, and some arguments have more zeros in the numbers than others. Such is the case with Ashton Kutcher and Demi Moore's pending breakup. Kutcher is currently the highest-paid actor in television, earning a reported $24 million per season for "Two and a Half Men." Supposedly, Moore is demanding a larger payout than Kutcher wants to hand over as a condition of ending their May-September marriage.