Scottsdale Prenuptial Agreement Lawyer
Prenuptial agreements have become increasingly popular for many couples who are about to enter into marriage. While many people believe these agreements are only for the very wealthy, they provide benefits for anyone who has financial holdings as well as those with blended families who wish to preserve inheritance rights and other protections for children from previous relationships.
If you are looking at a prospective marriage and wish to learn more about how a prenuptial agreement can benefit you, we recommend that you talk to our knowledgeable and competent attorney at kdlaw P.C. Our legal team has helped countless couples negotiate the terms of such an agreement as well as put those terms into a formalized document that meets legal standards. Ensure your agreement stands up in court with representation from a firm that brings you the expertise of a Certified Family Law Specialist.
Prenuptial Agreements in Arizona
Prenuptial agreements (also called premarital and antenuptial agreements) establish spouses’ property and financial rights in the event of a divorce or death for new husbands and wives who are entering into a new marriage. While no one contemplates divorce when marrying, it is commonly known that approximately 50% of all U.S. marriages end in divorce. With that statistic in mind, many consider prenuptial agreements as an avenue to minimize the adversarial nature and cost of divorce.
The fact that Arizona is a community property state makes prenuptial agreements vital for those who do not want their marital property to be split in half in a potential divorce settlement. Without such an agreement, the courts have the power to decide how your property, assets, and debt will be divided based on state law.
These agreements are beneficial, therefore, in many situations such as the following:
- One party has greater wealth/assets accrued before the marriage than the other
- One party owns or has a substantial interest in a business or profession
- One party is on a lucrative career path that could create significant wealth
- One or both parties have children from previous relationships to whom they wish to pass on inheritances or financial support
- One party has greater debt than the other and wishes to protect the other from liability
Prenuptial agreements are based on full disclosure between the two parties and can cover such financial issues as separate vs. marital property, spousal maintenance, how marital property will be divided, how debt will be divided, and address savings accounts, pensions, retirement accounts, brokerage accounts, real estate, vehicles, life insurance policies, employee stock options, jewelry, and more. These agreements cannot address child custody or support which is subject to state law when a divorce takes place.
Discuss Your Concerns for Creating a Prenuptial Agreement at kdlaw P.C.
If you and your future spouse are considering whether or not to create a prenuptial agreement, we highly recommend that you discuss the matter with our trusted attorney. Learn how such an agreement can be used on behalf of you and your future spouse and how we can help you get started in negotiating and drafting an agreement tailor-made to your situation.
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