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Guiding People Through Divorce With Grace And Dignity For More Than 30 Years

Guiding People Through Divorce With Grace And Dignity For More Than 30 Years

Protecting non marital assets in case of divorce

| Dec 21, 2009 | Firm News |

posted in Prenuptial Agreements

on Friday, October 28, 2011.

When two individuals from Connecticut come together in a marriage and finances are lop-sided, it may be wise for the wealthier individual to organize a prenuptial agreement. The agreement is designed to protect the assets and wealth of both parties during the division of property that comes with the dissolution of a marriage. Though many would like to believe that a marriage will last a lifetime, today’s world has proven that this is not the case. Many have regretted their decision to not pursue a prenuptial agreement. Financially intelligent individuals will likely not make this mistake.

Approaching concerns over a prenuptial agreement can be tough though. Some divorce experts believe that no spouse, despite what they may say, truly wants to sign a prenup, especially one that leaves them completely out in the cold. The harsh truth is that a prenuptial agreement, or just the idea of one, can dampen the marriage before it even begins. Some find them to be offensive and it may indicate to some that the party desiring one has finances prioritized before love.

When organizing a prenuptial agreement, it can help to ease tensions if both individuals are generous with some belongings and try not to make the less wealthy individual feel as if they have been cut out by greed. In doing so, the marriage will likely be better than if all of the wealth being brought into the marriage has already been locked down.

It is important that both individuals seek knowledgeable counsel to ensure that their interests are protected. Though a prenuptial agreement may seem to be a hard topic to address, assets should be protected to some degree, just in case.

Source: Huffington Post, “Prenups: The Laws Of Emotions,” Norm S. Heller and Dylan S. Mitchell, Sept. 30, 2011

A prenup can be used for other things besides assets,

Kardashian, Humphries signed prenup to protect individual assets,

Prenups can be deemed invalid,

NBA star poised to lose half of $150 million in divorce