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While meeting with a family law attorney and drawing up a prenuptial agreement may not seem like a particularly romantic part of wedding planning, it can be a valuable investment in the long-term stability of your marriage. Many people think of prenups as a bet that the union will fail, but discussing these possibilities with your partner beforehand will ensure everyone is on the same page. Below are some tips for deciding whether going this route is right for you.

Understand Your Local Laws & Assets

Family law in each state contains formulas and guidelines for dividing marital property after a divorce. Depending on your financial situation and the assets you brought into the union, these policies may be perfect for you. If neither of you bought real estate into the marriage and you earn less than $100,000 per year, a prenuptial agreement may not provide many benefits.

family lawSome types of assets complicate divorce more than others, such as ownership shares in a business or real estate. If you or your spouse has over a year of retirement benefits saved up, own over $50,000 in assets, or your estate plan includes children from a previous marriage, you might want a prenuptial agreement to settle these issues in advance.

Speak With an Attorney

A skilled family law attorney will communicate your rights under the law and how different assets are treated. Speaking with a lawyer together will help you understand what you’re getting into before tying the knot and can provide valuable peace of mind for both of you.

 

Negotiating prenuptial agreements can be a delicate process, which is why couples throughout Stanly County, NC, turn to the Fulcher Law Firm. With over 18 years of experience, they pride themselves on offering large law firm services with small town hospitality. Visit their website for an overview of their family law services, follow their Facebook for more legal tips and insight, and call (704) 984-6060 to schedule a consultation with an experienced legal professional.

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