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Important facts about prenuptial agreements in Texas

On Behalf of | Jan 19, 2022 | Family Law |

Marriages are meant to last a lifetime, but in some cases, relationships fall apart sooner than expected. It’s important to prepare yourself for the worst, and that’s where prenuptial agreements come into play.

What is a prenuptial agreement?

A prenup is a contract that’s signed before marriage, and it dictates how couples want to divide their property in the event of divorce. It also states what will happen to children, if any, should the relationship fail.

What are the benefits of a prenuptial agreement?

Prenups offer a solution for people who are worried about the possibility of divorce. It’s also a way to protect assets in the event of a breakup. For instance, if you have a business, and your spouse isn’t involved in the company at all, you can specify that your spouse doesn’t get any ownership of the company in case divorce occurs. Prenuptial agreements make it easier for couples to go into the marriage knowing exactly what they’re getting themselves into and to dissolve the marriage if it doesn’t work out.

Important elements of a prenuptial agreement

One of the most important elements that should always be included in a prenuptial agreement is how the property will get divided in the event of a divorce. The document should make clear what should happen to any pets. Finally, it’s important to include a section that explains how spousal support will work in the event of a divorce.

What happens if the couple divorces without a prenup?

If spouses divorce without signing a prenuptial agreement, family law comes into play. The courts will decide, based on the marital and separate property of the couple, how to divide up their assets. This can be a lengthy and costly process, so it’s often recommended to have a prenuptial agreement in place.

If you want to protect your assets in the event that marriage doesn’t work out, it’s important to think about whether a prenuptial agreement is right for you. Just make sure that you understand all these elements before going ahead.