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Marriage
is one of life's great rites of passage. Prenuptial agreements are a
modern version of the old fashioned marriage contract. It gives the
bride and groom a chance to review their obligations to each other
and to plan for the unthinkable. When both parties are getting ready
to share their life together, they are more likely to negotiate in
good faith for what is fair and equitable for both.
Many
consider negotiating a prenuptial agreement unromantic. As your
attorney, I will take the nuances of analyzing financial facts,
negotiating details, and anticipating worst case scenarios out
of your hands so you can focus on the beauty of planning your
wedding. We all want fairy tales with a happy ending. But an ounce
of prevention is worth a pound of cure. With such peace of mind,
you will be able to enjoy your married life that much more.
Many
marriages involve not only children but stepchildren as well. A
prenuptial agreement can take into account these relationships as
well. If a divorce were to occur, what would happen to the children?
Addressing these concerns ahead of time can help your new family
bond comfortably and securely.
Finally,
as with estate planning, it is a good idea to review your prenuptial
or postnuptial agreement periodically, especially when there has
been substantial change of circumstances. Do the terms reflect the
new reality? Is it still fair to both of you? If not, or if you are
in doubt, it may be time to make modifications and updates.
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