PMCW Law

Prenuptial agreements are a key talking point for anyone thinking about getting married in the near future. We have talked about prenuptial agreements and their general purpose in the past, but this week, we're going to take a closer look at which specific elements you can (and cannot) include in this important document. If you need help establishing a prenup at the Lake of the Ozarks , contact the team at Phillips, McElyea, Carpenter, & Welch, P.C . What CAN Be Included In Your Premarital Agreement? Prenuptial agreements are powerful documents that can help you enforce several important decisions. Here are some examples of the types of things that can (and should) be included in your prenup: How property and assets will be divided in the event of a divorce How financial responsibilities will be handled during the marriage Who will be responsible for paying off premarital debts Which property or assets are considered "community property" or "separate...

Valentine's Day is just around the corner, and love is definitely in the air! This is the time of year when tons of couples are getting engaged and eagerly planning their weddings. Every bride and groom thinks about planning the venue, the guest list, and the ceremony, but there's another important (and much less well-known) step to be taken before the big day: establishing the premarital agreement. The team at the Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C. are here to help you gain a better understanding of premarital agreements and why they are an important step to take before saying "I do." Premarital Agreements - Their Basic Purpose and Definition Premarital agreements (also called prenuptial agreements or "prenups" for short) is a legal contract couples enter into before their weddings. This agreement legally establishes how finances, property, and other assets will be divided in the event of a divorce or death of one...