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• Prenuptial Agreements in Texas - Pay a little now or a lot later!
• Premarital Agreements in Texas!

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• How can prenuptial agreements in Texas protect your marriage?

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How can prenuptial agreements in Texas protect your marriage?

Weddings celebrate the love a couple shares and their hope of a happy life together. However, in legal terms, marriage is a contract involving financial rights and obligations. A prenuptial agreement in Texas helps a couple define those rights and obligations and protects both parties in the case of death or divorce. A prenuptial agreement may deal with the division of property after divorce, but it can also be used for the following:

• Determining the responsibility for premarital debts
• Defining the ownership of the marital home
• Estate planning and distribution of property after death
• Deciding which items are community property and which are separate property
• The resolution of future financial disputes
• Spousal support (alimony) obligations
• Support of existing children

A prenuptial agreement in Texas can also be used to clarify financial responsibilities during the marriage. These responsibilities include the filing of taxes, payment of household bills, maintenance and ownership of checking and savings accounts, payment of credit card charges, responsibility for large purchases, estate planning and payment of support and education costs.
Seven reasons you may want to consider a prenuptial agreement:

1. You have children from a previous marriage: If you have children from a previous marriage, you probably have support obligations. A prenuptial agreement in Texas ensures that your assets are protected for the children of both marriages in the case of a divorce or death. Many prenuptial agreements in Texas contain clauses which state that the agreement will not be valid after a certain amount of years, so if you are supporting children from a previous marriage, you may cancel the prenuptial agreement in Texas after the children are grown.
2. You own a business: If you own a business and your marriage ends, it is possible that your spouse may end up owning part of the business. You can protect your business and financial partners with a prenuptial agreement.
3. You or your partner have significant debt: If you have a high debt load, a prenuptial agreement in Texas can protect your spouse and community property from your debts. If your partner has a large amount of debt, a prenuptial agreement protects you from being responsible for those debts if the marriage ends.
4. You have property that you would like to remain in the family: A prenuptial agreement in Texas can ensure that certain family property or heirlooms remain in your family after your death or a divorce.
5. You have inherited wealth or earn a lot more than your partner: A prenuptial agreement in Texas can be used to limit the amount you will pay in spousal support (alimony) if the marriage ends. It ensures that your spouse is marrying you for love rather than money.
6. You earn a lot less than your partner: Just as a prenuptial agreement in Texas can protect a spouse with more money, it can also be used to ensure spousal support of the person with less income.
7. You plan to quit your job to raise children: Quitting your job to raise children affects both your current income and your future earning potential. A prenuptial agreement in Texas can ensure that the financial cost of raising children is shared equitably by both parents and that the parent who gives up working is supported if the marriage ends.

Communicating about financial matters and creating a prenuptial agreement in Texas together can strengthen a relationship and provide a strong base for future financial dealings. If you are getting married, the Ashmore Law Firm wishes you a long and happy future together. A prenuptial agreement may help protect this future. Contact our family law attorneys to learn more.




 

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Family Law

• My fianc wants me to sign a prenuptial agreement because his family is worried that if he inherits their money, I will get it. What should I do?
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• My ex-husband has custody of our children, but my circumstances have changed. How can I seek custody?

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