Posts

Showing posts with the label Purpose of Prenuptial Agreement

7 Advantages of a Prenuptial Agreement

Image
Getting married is a major stepping stone. Not only is it a promise to spend the rest of your life with someone, it is a promise to become legally tied to that person. For those couples lucky enough to be happily married for years to come, becoming legally bound is not an issue at all. Unfortunately, approximately half of all married couples end up filing for divorce at some point. In these instances, undoing that legal tie can become a significant challenge. If you are getting married in the near future, the attorneys at the Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C. are here to help you ensure that your interests are protected. Prenuptial Agreements Help Guard Against The Unknown It is often challenging to predict which marriages will "live happily ever after" and which will end in divorce. Since it is impossible to predict how your marriage will progress over the years, it is wise to protect yourself from possible negative outcomes. Drafting ...

Premarital Agreements 101

Image
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...