Protecting Your Assets Matters – Prenuptial Agreement Utah
At Wall and Wall Attorneys at Law in Salt Lake City, Utah, we can help educate and guide you through the intricacies of prenuptial and postnuptial agreements. This is an area many people don’t think about until too late, when a marital crisis is upon them. But unfortunately over half of all marriages end in divorce. We live in an era of serial marriages and blended families, where partners joining together often bring their own unique financial issues into the relationship. Now’s the time to become informed about protecting your assets, shielding yourself from a partner’s indebtedness and safeguarding your assets for your children from a previous relationship. With our help here at Wall and Wall, you can protect your future financial security and that of your children in just about any contingency. Take action now to understand and prepare for prenuptial and postnuptial situations that could threaten you and yours. Complete our contact form for a free consultation to discuss how we can best help you.
What Does a Utah Attorney Discuss with Me About Prenuptial and Postnuptial Agreements?
A family law attorney will help acquaint you with basic intent and structure of pre and postnuptial agreements.
The key areas of a post or prenuptial agreement Utah are:
- Asset protection — If a spouse is bring substantially more assets into a marriage than the other spouse, or anticipates a substantial inheritance, a prenuptial or postnuptial agreement will protect those assets if the marriage should end in legal separation or divorce.
- Protection from debt — The reverse of bringing assets into a marriage is of course bringing debt into it. A spouse may enter into a marriage burdened with substantial debt, such as credit card, judgments or student loan debt. A prenuptial or postnuptial agreement can protect one spouse from becoming encumbered by the other spouse’s financial obligations.
- Safeguarding children previous a relationship — Unless provisions are made beforehand, when a spouse dies, his or her assets usually pass to their husband or wife. If you fail to make provisions for your children from a previous relationship, you could unintentionally disinherit them. A prenuptial or postnuptial agreement, often in conjunction with a carefully structured will, can help ensure some or all of your assets go to those children when you die.
Prenuptial agreements and postnuptial agreements may sound pretty straightforward. Once drafted and signed, there’s a tendency to no longer think of them, unless and until a crisis arises. It’s at that point that a poorly drafted pre or postnuptial agreement can arise to threaten your assets, your children and your own future. It’s vital to have an attorney who’s knowledgeable in all aspects of nuances and potential challenges preparing your post or prenuptial agreement Utah.
Does a Prenuptial or Postnuptial Agreement Make Sense for Me?
At Wall and Wall Attorneys in Salt Lake City, we have substantial experience in this intricate practice area. We’ll be happy to consult with you for free, and help you determine if your financial protection would be improved by a post/prenup agreement. If so, we can help you protect your finances in your current or prospective relationship. Begin your free prenuptial agreement Utah consultation by completing our contact form.