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Prenups are signed BEFORE you say, “I do.”
Postnuptial agreements are signed AFTER the wedding date.
Simply put, a prenuptial agreement is a legal contract created before marriage that defines how assets, debts, and finances are managed, protecting individual wealth, shielding against a partner’s debt, and outlining support/property division to avoid costly litigation. It ensures transparency, protects business interests and inheritances, and provides financial security.
It does not have to be a one-sided agreement.
A prenup can protect a lower-earning or stay-at-home spouse.
Defines assets, debts, and financial responsibilities clearly.
Provides protection, transparency, and peace of mind.
Things prenups cannot outline are child custody and/or child support arrangements. Those are determined by laws centered around the child’s best interests and will be addressed only at the time of a divorce or separation.
Prenups are not just for rich people and it does not mean you are planning for a divorce. In a perfect scenario you will never even think about it again after signing it. However, just like insurance or estate planning, it offers protection and peace of mind. You cannot go back in time and no one expects to get divorced before they are even married. The time to calmy negotiate these terms and provisions is now, when there is love, not later when anger and sadness can take over and cloud judgment. It’s always easier to agree when cooler heads prevail. And the time, money and aggravation you will save in the event of a divorce is tenfold.
For further assistance or additional information please contact Posin Law Group at (702) 396-8888. We will be happy to meet with you to discuss your specific situation and see if we are able to help.
