Bucks County Prenuptial Agreement Attorney
Prenuptial agreements have been stereotyped by the entertainment industry as a manipulative or coercive tool for wealthy spouses, but in actuality prenuptial agreements have the capacity to bring peace of mind to both spouses and provide each with many benefits prior to a wedding. When drafted correctly, prenuptial agreements can identify property interests, reinforce estate plans, and allow both spouses to enter into a marriage knowing that they will be properly supported if the relationship does not work out. To learn more about the benefits of prenuptial agreements in the Newtown area, call or contact our Bucks County prenuptial agreements attorneys at Kardos, Rickles & Hand today to schedule a consultation.
Benefits of a Prenuptial Agreement
There are many potential benefits to signing a prenuptial agreement prior to a wedding. The first is the ability to identify property interests for each spouse, which can include separate property as well as what marital property will go to each spouse if the marriage ends. A prenuptial agreement is good for identifying which spouse will retain business interests, real estate, and items of personal property of significant value or emotional attachment.
Another benefit of prenuptial agreements is the ability to reinforce estate plans. Many couples that are blending families opt to create a prenuptial agreement prior to the marriage. This document can reinforce an existing will or other estate planning documents that identify which heirs and beneficiaries will inherit what property when either spouse dies. This can help avoid complicated probate litigation down the road.
Finally, there are emotional benefits to signing a prenuptial agreement before a wedding. Each spouse can enter into the relationship understanding exactly what they will walk away with if the marriage does not work out. It can create peace of mind and alleviate stress for the couple, knowing that they retain certain rights and interests because of the prenuptial agreement. It can also expedite the divorce process, as most or all of the property distribution, and spousal support and alimony decisions can be made in a prenuptial agreement.
How to Create a Valid Prenuptial Agreement
Valid prenuptial agreements have a few requirements in Pennsylvania. First, the agreement must be in writing, signed by both spouses, and notarized. Both people must have the opportunity to review the agreement with counsel and not sign it under duress or because of fraud. The prenuptial agreement must be accompanied by statements of assets for both people that includes an estimate of net worth, salary, and tax information. Finally, the agreement cannot be unconscionable, or so disproportionate to one spouse that it will leave them destitute if the marriage ends. To learn more about the benefits of prenuptial agreements or how to draft a valid agreement talk to an experienced Pennsylvania family law attorney today.
Call or Contact Our Office Now
Are you interested in drafting or reviewing a prenuptial agreement prior to your wedding in the Newtown area? If so, call the Bucks County office or contact us at Kardos, Rickles & Hand today to schedule an evaluation of your case with one of our experienced Pennsylvania family law attorneys today.