An engagement is an exciting time in a couple’s life. Though most people focus on planning their lives as a couple, there’s a pragmatic side to consider. If a couple doesn’t discuss how they’ll handle their finances, they won’t know what to expect. Here, you’ll learn how a divorce attorney in Jefferson County, MO, can help you create a prenuptial agreement that protects your rights.
What is a Prenuptial Agreement?
A prenuptial agreement or prenup is a contract that allows a couple to create a fair arrangement in the event of a future divorce. These agreements usually outline how liabilities and assets are treated (as marital or personal belongings). They include things such as inheritances, family trusts, and rental or business income. A prenup may also focus on maintaining financial confidentiality, which may help a person who doesn’t want their ex-spouse to share information with others.
Who Should Have a Prenup?
It’s particularly important for a business owner to consider getting a prenuptial agreement. Not only will a divorce negatively affect a business owner, but it may also affect a business partner or shareholder. Specific aspects should be included in the agreement, such as the business’ value and how much each person will receive in the event of a divorce. There may also be a clause that allows one spouse to buy the other out.
Signing an Agreement Under Duress
One thing the courts look at during divorce cases is when prenups are signed. If they’re signed right before the wedding, a divorce attorney in Jefferson County, MO, may argue that the signing took place under duress. An attorney can help you draw up an agreement early on, while answering questions on other legal matters. Call the Wegmann Law Firm to schedule a consultation.
