Tying the knot: The benefits of prenuptial agreements

If a marrying couple does not get a prenuptial agreement, the individuals will be subject to state property division laws pursuant to a divorce.

2013-04-18

April 18, 2013 (Press-News.org) While money is never easy to talk about, if you plan to spend the rest of your life married to one person, you may benefit from discussing the issue before you have a wedding. Money and assets can be important issues in a relationship. One way to explore finances before a commitment is through a prenuptial agreement.

A prenuptial agreement is an agreement made between a couple before marriage. The device protects the assets of parties prior to a marriage in the event of a divorce. For example, it often sets out future terms regarding the division of assets, future earnings, ownership of a business, real property and other issues. If you are about to enter a marriage, this legal instrument may be for you.

There are several benefits of a prenuptial agreement. For example, it can help offer some protection against fraud for those who have valuables to protect. A person with significant capital can have peace of mind knowing that he or she can retain such wealth in event that the marriage does not last.

A party with fewer assets can also benefit from a prenuptial agreement. It can give a person assurance knowing that he or she will be financially protected if the marriage ends, despite a thorough investment in family duties or other noneconomic affairs.

Prenuptial agreements can also protect an inheritance that comes to one of the parties. For example, if a family has a business or heirloom that should stay within the bloodline, a prenuptial agreement can help.

Ultimately, the device helps determine what property should be distributed to each spouse in the event that a marriage does not survive. While couples do not necessarily need to have an agreement, a divorce will be subject to the property division laws if one does not exist. For example, Texas is a community property state. This means that a family law court will make a just distribution of assets among litigants pursuant to a divorce. This could place a lot of power out of your hands.

While it may be difficult to broach the topic of assets and wealth, premarital agreements can be a healthy thing for a marriage. If you are ready to commit to a partner, you should probably be able to talk about money with them, anyway. To find out more about prenuptial agreements, contact an experienced family law attorney.

Article provided by Kerr, Hendershot & Cannon, P.C.
Visit us at www.khcgalvestonfamilylaw.com/

ELSE PRESS RELEASES FROM THIS DATE:

Learning more about traumatic brain injuries

2013-04-18

In recent years, concussion lawsuits by former National Football League players have captured headlines and sparked a great deal of interest in improving safety in youth and college sports. Although the media may make it appear as if most traumatic brain injuries in the U.S. are somehow sports-related, this is simply not the case. Indeed, only a very small number of TBIs are suffered in football, hockey, soccer and other sports. According to the Centers for Disease Control and Prevention, the leading causes of TBIs in the U.S. are motor vehicle accidents and falls. Many ...

When do brain injuries qualify for workers' comp in South Carolina?

2013-04-18

The negative impact of brain injuries has gained media attention. In part, this new spotlight is connected to concussion research of players in the National Football League, or NFL. Although the NFL has provided funding for research and increased public awareness of the long lasting medical complications that can be tied to brain injuries, it is important to note that brain injuries often occur off the football field. Brain injuries can occur in many circumstances, including workplace accidents. A study conducted with the National Institute of Health found brain injuries ...

Honda and Acura recall vehicles over sudden braking risk

2013-04-18

Over the last several decades, automobile technology has changed dramatically. Most vehicles are now controlled by a complex network of computers and electronics. These computers are meant to make the vehicles more reliable. However, they can malfunction, leading to unpredictable safety problems that can cause serious car accidents. An example of this issue can be found in the recent recall of almost 250,000 Honda and Acura vehicles. The cars were recalled after reports of electronic stability control malfunctions, in which the vehicles would stop or slow even if the ...

Atlanta Tree Trimming Experts, Yellow Ribbon, Focus on Tree Disease, Anthracnose

2013-04-18

The tree disease anthracnose is a general term describing a number of different diseases that are characterized by areas of dead tissue. Some instances of the disease can be relatively minor, while others are ultimately lethal to the tree. The disease can be the result of a wide variety of organisms, including bacteria, fungi, or viruses. Atlanta tree service experts at Yellow Ribbon describe how you can tell if your tree is infected, and what needs to be done to treat the disease. Evidence of anthracnose varies by the species of the infected tree. Tree leaves may start ...

Don't Hit a Plateau in Your Career, Visit Atlanta Staffing Agency TRC Staffing Services, Inc.

2013-04-18

Atlanta Staffing Agency Describes How to Avoid a Plateau TRC Staffing Services, Inc, an established Atlanta staffing agency, wants to discuss the problem of career plateaus. At one point in time many of us will encounter this issue. It occurs when one has found his or her self locked in a position without any room for advancement. The causes vary from person to person, but it is generally due to necessity. If you have a family to support and have a decent paying job, it can be difficult to make a transition. Being comfortable and not wanting to switch careers is ...

Kaplan College Graduate Juggled Family and Work to Train for and Gain a New Career; Kaplan Higher Education Campuses Graduates More Than 3,030 in the First Quarter

2013-04-18

Recent Kaplan College Palm Springs (Calif.) graduate Jesus Navarro currently works as a medical technician at a drug and alcohol recovery center, but not long ago he held a full-time job at a grocery store. As one of Kaplan Higher Education Campuses' more than 3,030 recent graduates, he credits his new career to the school's hands-on focus and the faculty and staff's dedication to his individual needs. "Kaplan's flexible schedules and programs made it possible for me to work full-time and attend school," said Jesus. "Being married and having a three-year-old ...

Free Gloves with Any Scooter Purchase from Megamotormadness.com

2013-04-18

Megamotormadness.com is a fast-growing online supplier for motorsports enthusiasts. They carry over 100 different models including scooters/mopeds, trikes, street bikes, ATVs, UTVs, dirt bikes, electric motorcycles and accessories. All products from them are affordable and reliable. All products come directly from their factory and the lowest prices are guaranteed. The new promotion "free gloves with any scooter purchase" ends Apr 28, 2013. Customers can get a pair of free gloves with any scooter purchase. The color is random. Due to the rising fuel prices, ...

Autoglass Launches New Aid to Rain-Drenched Breakdowns

2013-04-18

Autoglass has just announced the introduction of its new bespoke wet weather solution - an extendable canopy fixed to its mobile technician's vans, known as the Vanbrella . Britain experiences rainy weather approximately 145 days of the year and this can adversely affect vehicle glass repair and replacement services. For example, the time needed for the chip repair healing process (usually 30 minutes) or that needed to bond a replacement glass (usually 1 hour) may significantly increase in wet conditions and this could compromise the quality of the result. 90 per ...

QuickLoansBadCredit.org Announced Website Improvements

2013-04-18

QuickLoansBadCredit.org, the leading matching organization for people with bad credit in need of loans, announces that it has undergone some crucial improvements. The service has been implemented two phases of upgrades, the first of which has been completed. The second phase will be commenced in the coming weeks. No disturbance will be made to the site or its bad credit loans introduction service during phase two, during which time all aspects of the platform will remain in full operation. QuickLoansBadCredit.org made the announcement in the following statement. "Following ...

Security holes in smartphone apps

2013-04-17

Popular texting, messaging and microblog apps developed for the Android smartphone have security flaws that could expose private information or allow forged fraudulent messages to be posted, according to researchers at the University of California, Davis. Zhendong Su, professor of computer science, said that his team has notified the app developers of the problems, although it has not yet had a response. The security flaws were identified by graduate student Dennis (Liang) Xu, who collected about 120,000 free apps from the Android marketplace. The researchers focused ...

LAST 30 PRESS RELEASES:

New study unveils volcanic history and clues to ancient life on Mars

Monell Center study identifies GLP-1 therapies as a possible treatment for rare genetic disorder Bardet-Biedl syndrome

Scientists probe the mystery of Titan’s missing deltas

Q&A: What makes an ‘accidental dictator’ in the workplace?

Lehigh University water scientist Arup K. SenGupta honored with ASCE Freese Award and Lecture

Study highlights gaps in firearm suicide prevention among women

People with medical debt five times more likely to not receive mental health care treatment

Hydronidone for the treatment of liver fibrosis associated with chronic hepatitis B

Rise in claim denial rates for cancer-related advanced genetic testing

Legalizing youth-friendly cannabis edibles and extracts and adolescent cannabis use

Medical debt and forgone mental health care due to cost among adults

Colder temperatures increase gastroenteritis risk in Rohingya refugee camps

Acyclovir-induced nephrotoxicity: Protective potential of N-acetylcysteine

Inhibition of cyclooxygenase-2 upregulates the nuclear factor erythroid 2-related factor 2 signaling pathway to mitigate hepatocyte ferroptosis in chronic liver injury