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Prenups may help avoid headaches in a Texas divorce

Wednesday, July 18, 2018

Romance is not typically the first word that comes to mind when someone mentions a prenuptial agreement. In fact, it was once argued that prenups could even encourage divorce. For a period of time, such agreements were not acknowledged in the nation's courts. However, reports suggest that 40 to 50 percent of all marriages in Texas and around the country end in divorce. Given that statistic, a prenup could be a helpful document that could benefit both spouses should they subsequently decide to start Texas divorce proceedings.

Young couples getting married for the first time may feel they do not need a prenuptial agreement, unless one or both spouses expect a future inheritance. However, it still makes sense to consider one. Older couples have had more time to amass earnings individually and certainly may benefit from a prenup. Also, if there are children involved or if it is a second or later marriage, an agreement would be recommended.

In some cases, one spouse has considerably more assets than the other, and a prenup would provide needed financial protection. The agreement not only protects the spouse with more assets, but the other one also. A prenup can specify ownership of assets, and this is extremely helpful in the division of property during a divorce.

When a couple is considering marriage, it would be advantageous to seek the advice of a family law attorney. A knowledgeable lawyer can help a couple develop a prenuptial agreement, if warranted. Also, an experienced Texas divorce attorney can provide guidance if divorce proceedings are under consideration. An attorney can help a client understand the complexities of the divorce proceedings and ensure that his or her interests are being protected.

Source: insideindianabusiness.com, "Wedding Approaching? What About a Prenup?", Abby Vanderheyden, May 1, 2017

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