Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Alkol, WV

Deciding Whether a Pre-Nuptial Agreement is Right for You in Alkol, WV


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 WV 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 WV Power of Attorney Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Alkol, WV
    Hussell John F
    900 Lee St E # 600
    Charleston, WV 25301
    (304) 357-9966
    Attorneys, Legal Service Plans
    Pack Ashley L
    900 Lee St E
    Charleston, WV 25301
    (304) 357-9937
    Attorneys
    Burcham & Gaither
    221 W John St
    Martinsburg, WV 25401
    (304) 267-9936
    Family Law Attorneys,  Attorneys,  Criminal Law Attorneys,  Divorce Attorneys
    Gaither Cynthia A
    221 W John St
    Martinsburg, WV 25401
    (304) 267-9936
    Attorneys
    Froble Michael E
    200 George St # 3
    Beckley, WV 25801
    (304) 252-9935
    General Practice Attorneys, Attorneys
    White James E Law
    900 Lee St E
    Charleston, WV 25301
    (304) 357-9934
    Attorneys
    Kelly Donna C Atty
    900 Lee St E
    Charleston, WV 25301
    (304) 357-9927
    Attorneys
    Stonestreet Robert M Law
    900 Lee St E
    Charleston, WV 25301
    (304) 357-9915
    Attorneys
    Straub Hazel A
    500 Virginia St E # 1025
    Charleston, WV 25301
    (304) 346-9822
    Attorneys, Legal Service Plans
    Smith Christopher S Law
    22 Capitol St
    Charleston, WV 25301
    (304) 344-9821
    Attorneys
    Hoyer Stephen P
    22 Capitol St # 300
    Charleston, WV 25301
    (304) 344-9821
    Attorneys, Legal Service Plans
    Raptis Jr Andrew A
    179 Summers St
    Charleston, WV 25301
    (304) 343-9810
    Attorneys
    Foster William
    1018 Kanawha Blvd E # 200
    Charleston, WV 25301
    (304) 347-9800
    Attorneys, General Practice Attorneys
    Oliver Daniel A
    211 New Jersey St
    Morgantown, WV 26501
    (304) 225-9800
    Attorneys, Legal Service Plans
    Pool Delby B
    230 Court St
    Clarksburg, WV 26301
    (304) 623-9711
    Attorneys, Legal Service Plans
    Smith Ellen L
    515 Market St # 3000
    Parkersburg, WV 26101
    (304) 485-9661
    Attorneys, Legal Service Plans
    Pancake Edwin H
    608 Virginia St E # 4
    Charleston, WV 25301
    (304) 346-9629
    Attorneys
    Maroney Patrick K Atty
    608 Virginia St E
    Charleston, WV 25301
    (304) 346-9629
    Attorneys
    Maroney Williams Weaver
    608 Virginia St E # 2
    Charleston, WV 25301
    (304) 346-9629
    General Practice Attorneys, Legal Service Plans, Attorneys
    Adkins S Douglas
    636 4th Ave
    Huntington, WV 25701
    (304) 522-9593
    Attorneys
    Cyrus & Adkins
    636 4th Ave
    Huntington, WV 25701
    (304) 522-9593
    Attorneys,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  Insurance Attorneys,  Malpracti
    Henry III Patrick G
    222 W John St
    Martinsburg, WV 25401
    (304) 260-9592
    Attorneys, Legal Service Plans
    Anspach Law
    517 9th Ave
    Huntington, WV 25701
    (304) 522-9528
    Attorneys
    Schools-- Wood County Area-- Edison Jr High School
    1201 Hillcrest St
    Parkersburg, WV 26101
    (304) 420-9525
    Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US