Are you hearing wedding bells? Congratulations!
Getting married is one of life’s great joys. Today, more people enter into marital agreements—also called prenuptial agreements—before marriage to protect their financial interests.
Other parties may enter into a postnuptial agreement to protect themselves from the financial mistakes of the other party.
Some people may not even consider the need for a marital agreement. After all, who wants to contemplate divorce before you are married?
You may decide to let the matter go. But then, you might lose money, property, businesses, and more if divorce happens. With a prenup, you are protected.
What if you aren’t a wealthy business owner or celebrity? Do you need a prenuptial agreement? Many people who get remarried or have kids from earlier relationships say marital agreements can significantly help.
You can always count on our Atlanta prenuptial agreement attorneys to help you protect your assets.
Let’s look at how Georgia law defines marital agreements.
A prenup can identify specific assets as separate from marital property. That means the property will not be subject to equitable distribution if there is a divorce.
Each spouse may be interested in protecting their personal property during a marriage. Vacation property, significant family assets, and stocks and bonds are examples. Therefore, they might intend to keep these assets apart from the marital estate.
But it’s important to set this concept in writing with a prenuptial agreement to prevent problems in the event the marriage ends in a Georgia divorce.
Many Atlanta marital agreements attorneys recommend writing a prenup weeks or months before the wedding. Get this critical business taken care of well before the big day, and you’ll have complete peace of mind.
These agreements are surging in popularity as financial instruments for married people. The postnup may set a budget or keep one spouse’s business property and debts separate from the marriage’s finances.
As with prenups, both spouses should hire an experienced Atlanta marital agreements attorney experienced in family law to draft the agreement to protect their interests.
No one wants a divorce to happen. But if it does, an Atlanta prenuptial agreement can simplify things. In addition, if a skilled family law attorney handles the paperwork, the document can significantly reduce divorce costs and stress.
A marital agreement can address these points:
Prenups and postnups are complex. Only a skilled Atlanta marital agreements lawyer should help you.
If the agreement isn’t done correctly, the prenup can be broken in these potential situations:
Getting married is a joyous time. Keep peace of mind by establishing a marital agreement before your wedding and safeguarding your finances. Contact us to discuss your Georgia marital agreements case. We’ll review your legal options and move forward with the best plan for your needs.
Each case is different, but we can share what clients typically struggle with when they make their initial calls to us:
The financial aspect of family law matters can be terrifying because it has been historically known as a black hole of billing with retainers and hourly charges for things like emails and texts. Peel back further uncertainty by Estimating Your Legal Fees.
While other firms might tell you “there is no way to predict the total cost of a divorce,” we can tell you with certainty that those smoke and mirrors will not be a part of your care at Edwards Family Law. We provide value with a high degree of peace of mind through conscientious costs for our care. Learn more about our Flat Fee Family Law and Estate Planning Services.
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Maybe. Prenups are usually used to deal with alimony. Most prenuptial agreements don’t address child support or custody. The family court has the authority to render final decisions in the event of custody disputes.
Yes, if you want to do a prenup or postnup agreement. Each party should have a separate lawyer representing that party’s interests. Each attorney will explain the proposal and its advantages and disadvantages.
Not usually. Most marital agreement lawyers say each party should detail those wishes in their will.