Prenuptial agreements are designed to protect assets in the event of a divorce. However, understanding what is included in The Colony prenuptial agreements—and what cannot be included—can help shape your agreement and ensure it protects you in the future. Contact an experienced prenuptial agreement lawyer to learn more.
Exactly what is included in prenuptial agreements in The Colony may depend on the specific needs of a couple. However, there are several common elements that generally make an appearance.
Most prenuptial agreements include a list of the assets and debts that each partner brings into the marriage. These assets are typically not considered marital property, meaning they may not have to be divided in a divorce. However, addressing them ahead of time in a prenuptial agreement helps ensure they are protected.
Asset and property distribution in the event of a divorce is one of the key elements of a prenuptial agreement. An agreement typically outlines which spouse will take each specific asset out of a divorce. Prenuptial agreements define not only how individuals will handle the distribution of premarital assets, but also how they will divide assets acquired during the marriage. This can be particularly helpful when one spouse earns much more than the other or brings an existing business or significant assets to the table.
In some cases, prenuptial agreements describe what spousal support will be available in the event of a divorce. A spouse who will care for the home and children throughout a marriage may request spousal support for a specific period of time or under certain circumstances to offset the loss to their earning potential.
In addition to covering the distribution of assets in a divorce, a prenuptial agreement in The Colony may identify which partner will need to cover debts from before the marriage if it ends.
In many cases, prenuptial agreements also include estate planning options, including the distribution of assets in the event of one partner’s death.
In addition to understanding what is covered in The Colony prenuptial agreements, individuals interested in a prenup should consider what should not be included. Legally, prenuptial agreements cannot address child custody arrangements, visitation requirements, or child support, Rather, these elements are assigned after divorce based on the unique needs of each child. In addition, a prenuptial agreement cannot include information about managing debts that arise after a divorce or any clauses that encourage divorce.
When it comes to determining what is included in The Colony prenuptial agreements, a knowledgeable lawyer could provide essential information, support, and advice about the best solutions for your specific needs. Reach out to Towson Law Firm today to discuss your prenuptial agreement.
Our Law Firm’s approach to your case is based on individual circumstances. Whether it is a simple negotiated settlement, or it requires an aggressive approach, we will protect and defend your best interests.
