12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Deciding Whether a Pre-Nuptial Agreement is Right for You in Auxier, KY

Deciding Whether a Pre-Nuptial Agreement is Right for You in Auxier, KY


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, and it concerns 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 KY Premarital Create This Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Page 6
    Page 7
    Page 8
    Page 9
    Page 10
    Page 11
    Related Legal Services near Auxier, KY
    Winters & Yonker PSC
    304 W Liberty St
    Louisville, KY 40202
    (502) 779-9998
    Attorneys,  Accident & Property Damage Attorneys,  Legal Service Plans,  Labor & Employment Law Atto
    Thompson Miller & Simpson PLC
    734 W Main St
    Louisville, KY 40202
    (502) 585-9900
    Attorneys, General Practice Attorneys
    Effinger Joseph
    716 W Main St # 300
    Louisville, KY 40202
    (502) 583-9900
    Attorneys
    Hume Bradley R
    734 W. Main Street Ste 400
    Louisville, KY 40202
    (502) 585-9900
    Attorneys, Legal Service Plans
    Mcleod Brendan
    539 W Market St
    Louisville, KY 40202
    (502) 561-9797
    Traffic Law Attorneys, Attorneys, Criminal Law Attorneys, Transportation Law Attorneys
    James Taylor, Attorney
    138 South Third St.
    Louisville, KY 40202
    (502) 777-9764
    DUI & DWI Attorneys,  Family Law Attorneys,  Bankruptcy Law Attorneys,  Child Custody Attorneys,  Di
    Atkins & Atkins
    462 S 4th Street Suite 2160 St
    Louisville, KY 40202
    (502) 584-9714
    Personal Injury Law Attorneys, Attorneys
    Hargadon Lenihan & Herrington
    713 W Main St
    Louisville, KY 40202
    (502) 583-9701
    Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Legal Service Plans
    Morris Chris
    713 W Main St # 2
    Louisville, KY 40202
    (502) 583-9701
    Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
    Nall Gail C
    713 W Main St
    Louisville, KY 40202
    (502) 583-9701
    Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
    Meers Charles R
    429 W Muhammad Ali Blvd Ste 1000
    Louisville, KY 40202
    (502) 581-9700
    Bankruptcy Law Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Bankruptcy Service
    Truman Karl Law Offices
    101 N 7th St
    Louisville, KY 40202
    (502) 582-9695
    General Practice Attorneys, Attorneys, Legal Service Plans
    Ron Cook Law Office
    600 W Main St
    Louisville, KY 40202
    (502) 585-9685
    General Practice Attorneys, Attorneys
    Chalmers-Thomp Michelle M
    730 W Market St # 400
    Louisville, KY 40202
    (502) 561-9558
    Attorneys
    Strepey Steven B
    239 S 5th St
    Louisville, KY 40202
    (502) 419-9538
    Accident & Property Damage Attorneys, Attorneys, Criminal Law Attorneys
    Medley W Leonard
    807 W Market St
    Louisville, KY 40202
    (502) 581-9404
    Attorneys
    Baker Bonita K
    730 W Market St
    Louisville, KY 40202
    (502) 581-9393
    Attorneys, Divorce Attorneys, Family Law Attorneys
    Trifiletti, Barry M
    721 W Market St
    Louisville, KY 40202
    (502) 589-9333
    Estate Planning, Probate, & Living Trusts,  Attorneys,  Criminal Law Attorneys,  Personal Injury L
    Ryan N Pogue
    150 S 3rd St
    Louisville, KY 40202
    (502) 589-9309
    Criminal Law Attorneys, Attorneys
    Louisville Disability and Bankruptcy Lawyers
    150 S 3rd St
    Louisville, KY 40202
    (502) 589-9309
    Bankruptcy Law Attorneys, Business Bankruptcy Law Attorneys, Attorneys
    Heck Jon
    539 W Market St
    Louisville, KY 40202
    (502) 581-9287
    Legal Service Plans,  Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership L
    Boylan Michael L
    807 W Market St
    Louisville, KY 40202
    (502) 581-9206
    Corporation & Partnership Law Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, La
    Susan M. Klein
    138 S 3rd St
    Louisville, KY 40202
    (502) 589-9193
    Adoption Law Attorneys, Attorneys, Family Law Attorneys
    Abell, Scott
    310 W Liberty St
    Louisville, KY 40202
    (502) 261-9145
    Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US