Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Abbott, TX

Deciding Whether a Pre-Nuptial Agreement is Right for You in Abbott, TX


Love is a symbol of eternity. It wipes out all sense of time, destroying all memory of a beginning and all fear of an end.
 
- Author Unknown


A prenuptial agreement is a contract executed by a couple before they marry concerning the ownership of their respective assets should the marriage fail. Nothing kills romance faster than the word pre-nup. On a practical level, with almost half of all marriages ending in divorce, a prenup may be an insurance policy in case things don't work out long term.

Marriage is not just an emotional and physical union, it's also a financial union. A prenup and the discussions that go with it can help place the financial well-being of the marriage on a solid foundation. The contract spells out how assets will be distributed in the event of divorce or death.

Getting to know your assets and property can help make up your mind if need to have a prenuptial agreement before you get married. There are three steps to determine this:

1. Take a Prenuptial Quiz. If you and your spouse-to-be answer yes to any of these questions, chances are having a pre-nup is helpful. If most answers are no, aprenup can still be helpful but not as critical.<.p>

  • Do either of you possess any real estate?
  • Do either of you possess money amounting to $50,000 or more aside from having real estate?
  • Do either of you own a business?
  • Do either of you earn more than $100,000 annually?
  • Do either of you have any valuable employment benefits like stock options or profit sharing or have you earned more than a year's worth of retirement benefits?
  • Does either of you plan to pursue an advance degree while the other one works?
  • Do either of you have other heirs for your estate other than your spouse when you die?


  • 2. Identify Important Issues

    List all the issues you want addressed in a prenuptial agreement. In this way you can check and discuss these issues with your spouse-to-be. These issues may touch upon subjects like separation of property, how to handle money and property during the course of marriage, alimony, or how your property will be treated after death.

    Other common prenup topics may include:

  • Joint or separate property
  • Estate planning issues including leaving family property or provisions for children from previous marriage
  • Handling of separate businesses
  • Separate handling of each person's debts
  • In case of separation or divorce, who gets what, including alimony
  • Income tax returns, filing and allocation of income
  • Who will be responsible for the household expenses and how payments will be funded
  • Managing joint bank accounts and separate bank accounts
  • Specific big ticket purchases
  • Credit card charges and and how payments will be funded
  • Investment and savings plans for the future
  • Arrangements regarding education
  • Agreements regarding the provisions for the surviving spouse just in case the other one passes away.
  • How to settle disagreements in the future


  • 3. Assess your Comfort Level

    On a scale from 1 to 5, with 5 being the highest, how comfortable are you with the idea of having a prenup? How comfortable do you estimate your spouse-to-be will be with a prenup?

    Score of one to two: What are the reasons for your discomfort? Are you unsure whether you are in a better legal and financial position without a prenup vs. with a prenup? Do you know enough about the laws and regulations about prenup in your state? Are you worried about offending your fiancé? Is it possible that the two of you need to be able to talk about difficult matters in a loving way, as a way to pave the way for more open communication with your spouse-to-be in the future?

    Score from three to five: if you are comfortable enough to talk to your fiancé, then go ahead and start discussing the specifics. Discussing it in a level-headed manner can be a good start to see each other eye to eye. Be open about the discussion and don't take all in one go. Take your time, be open minded and build on trust openness and transparency.

     
    Personalize & Print a Free TX Premarital Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
     
    Personalize & Print a Free TX Power of Attorney Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Abbott, TX
    Medlenka Law Firm PC
    1903 Central Dr Ste 304
    Bedford, TX 76021
    (817) 685-9999
    General Practice Attorneys, Attorneys, Legal Service Plans
    The Vida Law Firm PLLC
    3000 Central Dr
    Bedford, TX 76021
    (817) 358-9977
    Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Financial Services,  Taxes-Consultants
    Davis Leigh Warren
    1901 Central Dr # 708
    Bedford, TX 76021
    (817) 868-9500
    Attorneys, General Practice Attorneys
    Jbb Immigration Law Firm
    1909 Central Dr
    Bedford, TX 76021
    (817) 684-9500
    Immigration Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans
    Miller Robert T
    1244 Harwood Rd
    Bedford, TX 76021
    (817) 868-9400
    General Practice Attorneys, Attorneys, Legal Service Plans
    Parker McDonald Law
    2317 Plaza Pkwy
    Bedford, TX 76021
    (817) 503-9200
    Attorneys Referral & Information Service, Attorneys, Legal Service Plans
    Carinhas Jack G Jr Law Offices
    302 Kings Hwy
    Brownsville, TX 78521
    (956) 542-9161
    Attorneys, General Practice Attorneys, Legal Service Plans
    Touchy Law Firms LLC
    2039 E Price Rd
    Brownsville, TX 78521
    (956) 847-8947
    Personal Injury Law Attorneys, Attorneys, Legal Service Plans
    Esquivel, Paul A. - Paul A. Esquivel
    660 SW Military Dr Ste B
    San Antonio, TX 78221
    (210) 977-8887
    Mark D. VanCleave, PLLC
    606 Rollingbrook St # 1A
    Baytown, TX 77521
    (281) 303-8800
    Attorneys,  Civil Litigation & Trial Law Attorneys,  Business Law Attorneys,  Personal Injury Law At
    Barrett Campbell
    2904 Highway 121 Suite 200
    Bedford, TX 76021
    (817) 657-8684
    Attorneys, Family Law Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorne
    The Blenden Law Firm
    2217 Harwood Rd
    Bedford, TX 76021
    (877) 249-8628
    Attorneys, General Practice Attorneys, Legal Service Plans, Legal Clinics
    Mary Holland
    1833 Bedford Rd Ste B
    Bedford, TX 76021
    (817) 545-8576
    Family Law Attorneys,  Adoption Law Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorne
    Goetz Kendall
    1833 Bedford Rd
    Bedford, TX 76021
    (817) 545-8576
    Attorneys, General Practice Attorneys
    Kimberly A Mills Law Office
    409 Harwood Rd
    Bedford, TX 76021
    (817) 581-8222
    General Practice Attorneys, Legal Service Plans, Divorce Assistance, Attorneys, Family Law Attorneys
    Lacy Jeff
    1903 Central Dr # 308
    Bedford, TX 76021
    (817) 685-7996
    General Practice Attorneys, Attorneys
    Berry Chad
    3001 Brown Trl
    Bedford, TX 76021
    (817) 281-7902
    General Practice Attorneys, Attorneys
    The Bonner Law Firm
    4820 Old Spanish Trl
    Houston, TX 77021
    (713) 842-7700
    Attorneys, General Practice Attorneys
    Denise F Graves
    4721 Garth Rd Ste C400
    Baytown, TX 77521
    (281) 839-7664
    Criminal Law Attorneys, Attorneys, Legal Service Plans
    Gray & Gray
    1903 Central Drive, Suite 303
    Bedford, TX 76021
    (817) 354-7400
    Criminal Law Attorneys, Immigration Law Attorneys, Juvenile Law Attorneys, Traffic Law Attorneys
    Smith Robert H
    3433 Gladstone Ln
    Amarillo, TX 79121
    (806) 379-6677
    Attorneys, Legal Service Plans
    Scott Richard
    1903 Central Dr
    Bedford, TX 76021
    (817) 318-6655
    Automobile Accident Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Personal Injury L
    Myers & Porter LLP
    2120 Parkwood Dr
    Bedford, TX 76021
    (817) 545-6394
    Attorneys, General Practice Attorneys
    Steven T Polino
    3216 Prince Ct
    Bedford, TX 76021
    (817) 992-6359
    Attorneys, Bankruptcy Law Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US