Do I Need a Prenuptial Agreement?
At our Austin divorce law firm, we meet a lot of couples who cannot reach an agreement regarding property and asset distribution when they decide to go their separate ways.
A prenuptial agreement is a contract between two people prior to marriage listing all of the property each person owns and all of the debts each person owes and specifies each person's rights and liabilities after marriage. A couple can decide which of their assets remain separate before and during the marriage to protect them in the unfortunate event of a divorce.
Many people do not use a prenuptial agreement because they feel they do not need one unless they are wealthy, but many couples can benefit from one. When filing for divorce in Austin, it is often easier for couples who have a prenuptial agreement to work out important issues such as division of assets, child custody and support, and even spousal maintenance, without difficult negotiations or the stress of a trial.
A postnuptial agreement is similar, except it is a contract between people who are already married. Because of the subject matter of these agreements, they can provide protection or be challenged when the couple files for divorce.
Nunis & Associates â Austin Divorce Law Firm
801 West Avenue
Suite 200
Austin, TX 78701
512-623-7052
Copyright © 2011 LexisNexis. All rights reserved.