“Do I need a prenup?”
While no one wishes to consider the possibility of a divorce before a marriage even begins, couples who carefully disclose their assets and responsibilities in a prenuptial agreement will enjoy open discussions about expectations and concerns well before they marry. A Texas prenuptial agreement may be an extremely important planning tool before walking down the aisle if you
- have significant investment accounts and properties
- own a business
- are the beneficiary of a trust, or anticipate receiving a large inheritance
- are marrying someone with considerable debt
- own an ancestral home that is intended to remain in the family, or
- have substantially more assets or earn more than your spouse.
You can change the usual rules of divorce and death.
Since Texas is a community property state, a prenuptial agreement is particularly valuable for couples with children from a previous marriage. A prenuptial agreement will ensure that the court awards designated assets to the surviving children instead of presenting the entire estate to the surviving spouse alone. Similarly, a prenuptial agreement prevents a surviving spouse from contesting the deceased’s will in an attempt to gain more of the estate.
Family businesses can also benefit from a prenuptial agreement in Dallas – Ft. Worth that protects the company’s assets in the event of a death or divorce of one of its owners. In this situation, a prenuptial agreement protects the family business from the Texas laws of equitable division.
Reeve Augustine Alarakhia, PLLC guides our clients through the requirements for drafting and executing a prenuptial agreement, which can greatly reduce or even eliminate expensive litigation from a divorce. We’re here to protect your interests before one of the happiest days of your life, so contact us now to schedule your consultation.