Premarital Agreements 101
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...