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PRENUPTIAL AGREEMENTS
A Prenuptial agreement is a contract between two people in contemplation of marriage. A prenuptial agreement typically lists all of the property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage, and more specifically, in the event of a divorce.
A prenuptial agreement is recommended, even if you aren't rich or own a home. It saves future arguments and can even save you thousands of dollars in litigation in the event of a divorce. In California, a recent study found that the
average cost of a divorce can cost upwards of $40,000. A prenuptial agreement can eliminate the need for unnecessary litigation and attorneys fees.
While the content of each agreement may vary widely, common issues that will be addressed are whether property acquired during marriage will be community property or separate property and whether spousal support will be paid in the event of a divorce. Couples often want a prenuptial to protect the rights of a child from a previous relationship or to clarify the financial expectations of the parties before they enter into the marriage.
At the Law Office of Mary Beth Holloway, we strive to help you create a prenuptial agreement that meets your personal needs and protects your personal assets throughout the life of your upcoming marriage. Individuals need to know their rights when establishing a prenuptial agreement, especially if there is a large disparity in the partner's individual financial conditions.
The law is ever changing in respect to the validity of certain aspects of prenuptial agreements. The Law Office of Mary Beth Holloway stays current on any changes in the law to ensure our clients are protected to the fullest extent the law provides. It is important that your prenuptial agreement (also known as an antenuptial agreement or premarital agreement) falls within the bounds of any new laws, or you risk the agreement being deemed by the court as null and void.
In addition to handling prenuptial agreements, our firm represents clients in a wide range of other marital and premarital agreements and non-marital agreements, including:
Postnuptial agreements
Domestic partnership agreements
Cohabitation agreements
Do not hesitate to seek out information regarding the protection of your assets. To learn more about how we can assist you in handling your prenuptial agreement matters, contact us at the Law Office of Mary Beth Holloway today.
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