Prenup Attorney in Scottsdale-At A LookPosted by: Kim Sears | Posted on: March 13, 2021
A prenuptial arrangement, also known as a prenup, is a formal contract that spells out each spouse’s privileges. This may be in the context of property and other properties, or in the context of children. Checkout [Prenup Attorney in Scottsdale] for more info. It might, for example, explain guardianship and other similar issues if one of the people already had children. A prenuptial agreement can have clarification to preclude dispute in the case of death or divorce. Unfortunately, the future is impossible to foresee, and you never know what life can throw at you. It is better to be educated in today’s world and to recognise that your interests are secured no matter what happens.
One of the advantages of drafting a prenuptial arrangement is that you can prevent a contentious and costly divorce if you decide to divorce. It is common knowledge that more than half of the relationships result in divorce. While it is admirable to wish for the best of your marriage, it is also prudent to prepare for the worst. Another advantage of a prenuptial agreement is the clarification it provides after the union. It outlines, for example, each spouse’s rights and obligations throughout the marriage in terms of finances, children, and other issues. It even spells out what would happen to the children and assets if one of the partners dies.
If you don’t create a prenuptial agreement and your marriage ends, the state will determine what happens to your assets, and your situation is no longer under your power. Typically, the court will divide property accumulated after the union between the partners, or one partner will inherit part of the property after the demise of the other.
The court would therefore determine what to do regarding the property’s unpaid debts and taxes. Whatever occurs, the benefits of a prenuptial agreement are clear. You have the option of deciding what happens to your possessions and what is appropriate.
Creating a legally binding prenuptial arrangement does not have to be a time-consuming method. In reality, if you have an attorney by your side, it may be a pretty straightforward legal matter. These deals are legal in any jurisdiction, although they must be reviewed by a judge before being approved. This is why it is important to ensure that it was produced correctly and within the legal parameters. If one of the parties was coerced into signing it or if misleading evidence was used, a prenuptial arrangement could be void. Consult an attorney on your particular objectives so that you can be assured that your finances are in order.
Tiffany Fina Law Firm
7411 E 6th Ave Suite 103, Scottsdale, AZ 85251, United States
Phone No. : +14807447442