A prenuptial agreement is a valid, customized contract between you and your soon-to-be spouse and is often used as an estate planning tool. It is most commonly used to outline each spouse’s sole and separate property and to determine each spouse’s financial rights during the marriage and in the event of death and/or a divorce. Prenuptial agreements allocate specific real estate, personal property, investments, and other assets in the event of divorce, as well as to determine property transfers upon your or your spouse’s death.
While prenuptial agreements are considered essential for individuals with considerable wealth and family businesses, they are also used by couples to set their marriage up for financial success and to avoid arguments over money and property. It is also an important tool many couples use to protect one another from debts.
If you are curious as to whether a prenuptial agreement is right for you and your fiancé, contact Kierman Law, PLC.
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