While the last thing on many newly engaged couples’ minds is divorce, nearly 50% of first marriages end this way. For this reason, couples need to have a conversation about how they would like to handle divorce-related issues.
Here are 5 tips to keep in mind when creating a sound prenuptial agreement:
1. Be Honest
The best way to begin a marriage is with complete honesty. When creating a prenuptial agreement, both parties should be honest about the assets they possess and how they would like to divide any assets they accumulate while married.
2. Be Reasonable
Any attempts to draft an agreement that favors one party over the other will not pass the assessment of a court. Couples should respectfully considered each person’s wishes and create a plan that will benefit both parties.
3. Be Concise
A prenuptial agreement doesn’t need to be bogged down by legal jargon or unnecessary details. These documents should be as clear as possible with only essential information included.
4. Be Thorough
After the completion of the document, each party should read every word very carefully. If either person feels uncomfortable with wording or stipulations, they need to vocalize their concerns before they sign.
5. Prepare for the Worst-Case-Scenario
As much as we like to hope for the best outcome in any situation, when creating a prenuptial agreement, it’s necessary to consider what you would do if the worst should happen. Prenuptial agreements are not only utilized in a divorce, but they can also be used if one party dies. Each party
should create instructions for how they would like their spouse to be provided for if they pass away before the other.
Helping Our Clients Create Legal Documents
At Samra Dhillon & Associates, our prenuptial agreement attorneys can help you construct a document that benefits all parties involved. If you need help constructing a prenuptial agreement, creating a postnuptial agreement, or reviewing an agreement in a divorce, our firm is here for you.
Call our firm at (916) 571-1550 or contact us online to schedule an appointment.