Glen Burnie Prenuptial Agreement Lawyer
Dedicated Family Law Firm in Glen Burnie
Most people who enter into marriages feel sure that their commitment and union will wear the test of time. However, 50 percent of first marriages end in divorce and there is an even higher rate for second marriages. Often, there are children, homes, businesses, properties, and many other assets involved that complicates the matter of separation even more. Unfortunately, this can lead to a long and drawn out legal battle to determine who gets what from the time spent together. Some couples choose to head this possibility off through drafting a prenuptial agreement. This document provides a clear depiction of both parties’ financial situation going into the union.
If you are interested in creating a prenuptial agreement, talk to our Glen Burnie family lawyers at (410) 775-5955.
How Much Can a Prenup Protect You?
There are many benefits to drafting a prenuptial agreement, such as:
- Clearly reviewing both parties’ financial situations before entering into the marriage, preventing any surprises down the road of undisclosed financial issues
- In the case of divorce, it prevents either member from being treated unfairly
- In the case of a second marriage, it protects the children from the first marriage from losing assets should another divorce occur
Factors to Consider
It is important to note that prenuptial agreements should be discussed and created some length of time before the wedding, not as a last minute gesture. If it’s too close to the wedding, it may be invalidated later under the pretext of appearance of coercion.
Also, as obvious as this may seem, the agreement needs to be founded upon fairness. The point of the document is to form a contract that protects both parties, not to create a gross imbalance that only helps on member down the line.
How Many Years Is a Prenuptial Agreement Good For?
Prenuptial agreements are typically intended to be valid for the entire length of the marriage. However, some couples opt to include provisions that expire. For example, a provision that states that one spouse will not receive spousal support/alimony unless the marriage lasts for at least 10 years.
What Can Make a Prenup Invalid?
A prenup may not be legally enforceable if:
- The agreement wasn’t written down;
- Both parties didn’t sign the agreement before the wedding;
- One spouse was pressured into signing it;
- One spouse signed it without reading and understanding the terms;
- One spouse wasn’t given a sufficient amount of time to read the agreement;
- It includes illegal provisions (although it is possible for the court to remove those provisions and enforce the remainder of the document);
- It includes false information;
- It includes incomplete information;
- Both spouses were represented by the same counsel; and/or
- The terms are unreasonably unfair.
Talk to the Team at Ward & Co Law Today
Prenuptial agreements can be incredibly helpful should they ever end up being necessary in your relationship. Don’t let the stigma of the term dissuade you from considering creating one with your partner. If the information above sounds intriguing or helpful to you, contact our firm to schedule an initial consultation to begin the conversation.
Our Glen Burnie prenuptial agreement lawyers will help you create a prenup that works for you. Contact us now!
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