Prenuptial considerations: Protecting your wealth before you tie the knot

Prenuptial agreements help protect the assets of couples before marriage.

2013-03-12

March 12, 2013 (Press-News.org) If you are soon to be married, you probably do not anticipate or hope for a divorce in your future. However, you can never be too safe. What if things do not work out? If this is the case, you probably want to ensure that your assets and money are protected.

The truth: marriage is not solely about love. It is much more multifaceted. If you take precautions before you say, "I do," you can ensure that the end of your marriage (if it exists) comes with financial security.

These days, people are marrying later in life. This means individuals are much more established before they tie the knot. You may enter your union with much more money than you expected. If this is the case, you may want to protect it with a prenuptial agreement. A prenuptial agreement is a legal instrument, which allocates how a couple's assets will be divided if they divorce.

Ultimately, there is no fast and loose rule for prenuptial agreements. Many factors depend on the property division laws of your state. Do you live in a community property or equitable distribution state? Regardless of the answer, you should consider having a prenuptial agreement if you fall into any of the following categories:
- There is a significant disparity in wealth among you and your partner
- You will receive a large family inheritance
- You own a business
- Your earning potential is significantly larger than the earning potential of your partner because you are in a lucrative profession (for example, medicine)
- You will fund your future spouse's education
- You have children (or grandchildren) from a previous relationship

I may need a prenuptial agreement. What steps should I take?

Because divorce is not what you intend when you walk down the aisle, it may be difficult to speak about the idea of a prenuptial agreement with your future spouse. If you anticipate an engagement in the future, sit down and discuss the possibility with your partner before the actual commitment. If it is too late, bring up the topic far in advance of the wedding date.

Also, it helps to be honest about what you are bringing into a marriage. Ultimately, the instrument is intended to benefit both parties and help make certain that you and your partner are secure in the event of a divorce.

Most importantly, you should meet with an experienced and knowledgeable family law attorney. A lawyer can help you assess your wealth and assets, making sure that you are financially secure before you take the plunge.

Article provided by Breeden Law
Visit us at www.breedenlaw.com

ELSE PRESS RELEASES FROM THIS DATE:

When Will Coal Companies Finally Accept Responsibility for Unsafe Mining Practices? How Much Will it Take?

2013-03-12

On September 27, 2012, Murray Energy Company agreed to pay nearly $1 Million in fines to end an investigation by the federal Mine Safety and Health Administration ("MSHA") into a 2007 disaster at its Crandall Canyon Mine in Utah which resulted in the deaths of eight miners and one MSHA inspector and injuries to three other miners. MSHA's investigation into the disaster revealed a "grossly deficient mine design" resulting in twenty MSHA violation citations and penalties totally $1,639,351. Under the terms of the MSHA settlement, Murray Energy accepted ...

Attend the American Craft Council Show in Atlanta and Stay at Nearby Holiday Inn Express Perimeter Mall Hotel

2013-03-12

The Holiday Inn Express & Suites N-Atlanta Perimeter Mall Hotel offers nearby lodging to guests attending the 2013 American Craft Council (ACC) Show in Atlanta, GA. Taking place at Cobb Galleria Centre from March 15-17, 2013, this public retail event is the largest juried, indoor craft show in the southeast. A must attend for craft lovers; the show will feature original work by more than 1,500 of the country's top contemporary craft artists. Plus, attendees can gain new perspective for the art on display by watching talented craft practitioners create work in ceramics, ...

Can Advanced Degrees Really Help Your Career, Wonder Staffing Agency, TRC Staffing Services, Inc.

2013-03-12

Each year, thousands of recent college graduates enter the workforce. According to Forbes, with unemployment at 8.2 percent and underemployment near 18 percent, more graduates are putting off searching for employment to pursue advanced degrees. Atlanta staffing agency, TRC Staffing Service, Inc., explores the pros and cons of this growing trend. If you do decide to temporarily postpone the employment search in a weak job market, certain advanced degrees provide better opportunities than others. Graduate programs in the health and medical field are at the top of the list. ...

Melamine Plate Suppliers, Kitchen Inspire, is a Trusted Ally for Catering Companies

2013-03-12

Kitchen Inspire offers a comprehensive selection of catering supplies, equipment, and products. They are a one-stop shop for all professional catering needs, offering convenient online shopping and reasonable shipping rates. Kitchen Inspire has a "Catering and Buffetware" section on their site, but that is just a taste of the products that caterers can find for their business. The seller of high-quality commercial grade kitchen supplies also offers dinnerware and servingware for specific cuisine styles, including a wide selection of Asian cookware and tableware, ...

Spice Up Your House with Diamonite Countertops

2013-03-12

Craftmark Solid Surfaces, a leading Atlanta countertops company, wants to remind residents that they offer a wealth of options for their Diamonite countertop brand. They are the only business that fabricates these solid surface countertops, and they have vast selection available for their customers. From dozens of color palettes to plenty of sink accessories, you can be sure that the product you choose will be completely unique. In fact, with the 33 color options and 12 edge profiles that can be added, that means there are 396 potential styles waiting at your fingertips. ...

Angelica Notes Several Reasons Why You Are Better Off in a Hospital That Uses Professional Healthcare Linens

2013-03-12

When we enter a hospital, we expect the very best care available. Yet, some hospitals are unable to give exactly that. There are a wide range of reasons why a hospital might not be up to par, but one of the most common, and least noticed, reasons is that the hospital has not used a professional healthcare linen service to launder its linens. Angelica Corporation, a medical laundry service, has noticed that some hospitals see their laundering of linens as a place where costs can be cut. These facilities see linens as an aspect of hospital life that can be handled either ...

21% Increase in Auto Trader New Car Searches Reflects Rise in Private Demand

2013-03-12

An increase in private demand resulted in more than 6 million unique users searching for new cars on Auto Trader last year, an increase of 21.2% compared with 2011. The Society of Motor Manufacturers and Traders reported that new car registrations in the UK rose 5.3% in 2012 to 2,044,609 units, boosted by a 12.9% rise in private demand, to reach the highest levels since 2008. The top ten most searched new cars on Auto Trader include seven of the top ten best selling cars.* 1. BMW 3-series 2. Ford Focus 3. Volkswagen Golf 4. Ford Fiesta 5. BMW 1-series 6. Mercedes-Benz ...

Biggest Coupon Code Brings Greatest Software Discounts Available on the Internet

2013-03-12

Biggest Coupon Code today has released approximately 30,000 discount coupons for various software programs. All coupons offered are valid indefinitely, i.e. they never expire and can be redeemed by the respective holders whenever they want. The website achieved this through direct negotiations with the issuing software developers and marketers, proving to them the sales advantage Biggest Coupon Code's strategy is providing. Biggest Coupon Code delivers the best online coupon discounts for many software programs. This is because it relinquishes 99% of its affiliate profits ...

Dr. Michael Stosich, Grayslake Orthodontist Shares Reasons for a Second Opinion

2013-03-12

Orthodontic treatment typically carries a significant price tag. For that reason, patients or parents of patients ought to feel confident in their choice of orthodontist, as well as the treatment plan. When in doubt, get a second opinion. Dr. Michael Stosich, an orthodontist in Grayslake who owns iDentity Orthodontics, frequently receives calls from people seeking a second opinion on treatment recommendations from another provider. Stosich recommends getting a second opinion in these situations: 1- An orthodontist recommends emergency treatment. "The ...

MobileSmith Partners with TVAR Solutions to Deliver Mobile Solutions to Federal Agencies

2013-03-12

MobileSmith, a leading provider of mobile software solutions for enterprise customers, and TVAR Solutions, a value-added reseller of cloud and mobile infrastructure to the US government, announced a strategic partnership to deliver innovative mobile solutions to Federal agencies. "With TVAR's 20 years of experience delivering cloud IT solutions to the government, MobileSmith can now empower more Federal clients to quickly and cost-effectively build, deploy, and manage secure mobile applications for both iOS and Android devices," said Bob Dieterle, Senior VP ...

Prenuptial considerations: Protecting your wealth before you tie the knot

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: