What does Family Law include?
Family Law is a legal practice area that focuses on family relationships such as marriage, adoption, separation/divorce, parenting, and child custody. However, this legal practice could also cover issues like paternity, surrogacy, domestic violence, and prenuptial agreements. When dealing with any of these issues, it is always best to be in the company of motivated, compassionate, and skilled attorneys who will guide you along the way.
Here, at Thomas Law Group PC, we offer various services, yet we consider that one of them should be looked at thoroughly; and that is a prenuptial agreement (aka antenuptial agreement).
What is a Prenuptial Agreement?
Prenuptial Agreements are contracts prepared before marriage to outline property and financial issue resolutions if the marriage is dissolved later. These agreements are based upon proper disclosure of each party's income, assets, and debts. Furthermore, some prenuptial agreements can cover day-to-day details such as who will pay the mortgage and other bills or how childcare is handled. People need to see a lawyer to discuss it further in all cases.
Who is Eligible for a Prenup?
Generally speaking, a young couple getting married for the first time, and bringing few or no assets to the union, does not need such a contract. However, if one spouse (or both) has any of the following, a prenup would be essential:
- hold significant assets prior to marriage,
- expects to receive a large inheritance,
- distribution from a family trust, or
- they have children from previous marriages.
What are the Advantages of a Prenuptial Agreement?
While not exactly the glamorous side of a marriage proposal, the idea of a prenuptial/antenuptial agreement is something that most people about to be married should discuss. In case a marriage doesn't work, or one spouse dies before you have had a chance to do a comprehensive estate plan, a prenuptial agreement can safeguard assets, protect one party from the other's debts, and make any possible divorce proceedings go more smoothly without unnecessary bitterness or resentfulness.
Here, at Thomas Law Group, P.C., we are happy to assist with drafting and preparing all necessary documents regarding prenuptial agreements. Drafting these agreements requires skill in creating a contract that can survive challenges based upon claims of unconscionability. Ultimately, you can feel secure about your legal matters by hiring Thomas Law Group, P.C. in Denver, Colorado.