Easy Questions  
Free Legal Documents

Deciding Whether a Pre-Nuptial Agreement is Right for You in Charlestown, MD

Deciding Whether a Pre-Nuptial Agreement is Right for You in Charlestown, MD


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 MD 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 MD Power of Attorney Download this Document
    Page 1
    Page 2
    Page 3
    Page 4
    Page 5
    Related Legal Services near Charlestown, MD
    Callegary & Steedman
    24 Office St
    Bel Air, MD 21014
    (410) 399-9997
    Attorneys, Legal Service Plans
    Kahoe Robert F Jr
    9 S Hickory Ave
    Bel Air, MD 21014
    (410) 879-9906
    Attorneys, Legal Service Plans
    Plum Jeffrey J
    108 N Bond St
    Bel Air, MD 21014
    (410) 879-9898
    General Practice Attorneys, Attorneys, Legal Service Plans
    Modell David
    7700 Old Georgetown Rd Ste 500
    Bethesda, MD 20814
    (301) 634-9820
    Attorneys
    Brooks David
    4405 E West Hwy Ste 601
    Bethesda, MD 20814
    (301) 654-9780
    Attorneys, General Practice Attorneys
    Kennedy & Baris LLP
    4330 E West Hwy Ste 301
    Bethesda, MD 20814
    (301) 263-9734
    Attorneys Referral & Information Service, Legal Service Plans, Attorneys
    Ruben & Aronson LLP
    4800 Montgomery Ln Ste 150
    Bethesda, MD 20814
    (301) 901-9696
    Attorneys, Legal Service Plans
    Robin Dennis R
    2131 Defense Hwy Ste 1
    Crofton, MD 21114
    (410) 721-9680
    Attorneys
    Scull David L
    7960 Old Georgetown Rd Ste 8C
    Bethesda, MD 20814
    (301) 913-9660
    General Practice Attorneys, Attorneys
    Estates
    7960 Old Georgetown Rd
    Bethesda, MD 20814
    (301) 913-9660
    Estate Planning Attorneys, Attorneys
    Jonathan Drumgoole, NCC,LCPC
    139 N Main St
    Bel Air, MD 21014
    (443) 955-9648
    Family Law Attorneys, Attorneys, Divorce Assistance
    Obecney, Carlton T - Selzer Gurvitch Rabin Obecny
    4416 E West Hwy Ste 400
    Bethesda, MD 20814
    (301) 986-9600
    Litigation & Tort Attorneys, Attorneys
    Selig Barry F
    4300 Montgomery Ave # 104B
    Bethesda, MD 20814
    (301) 986-9575
    General Practice Attorneys, Attorneys, Legal Service Plans
    Ezeala Jude C
    5521 Harford Rd
    Baltimore, MD 21214
    (410) 922-9456
    Attorneys
    Hillman Arthur
    3 Bethesda Metro Ctr # 530
    Bethesda, MD 20814
    (301) 718-9447
    Attorneys
    Sherman Arnold B
    4800 Hampden Ln # 7th
    Bethesda, MD 20814
    (301) 951-9377
    Attorneys
    Koch Daniel S
    4800 Hampden Ln
    Bethesda, MD 20814
    (301) 951-9371
    General Practice Attorneys, Attorneys, Title Companies
    Eisler Alan D
    4800 Hampden Ln
    Bethesda, MD 20814
    (301) 951-9357
    General Practice Attorneys, Attorneys
    Dumais Kathleen M
    4800 Hampden Ln # 700
    Bethesda, MD 20814
    (301) 951-9353
    General Practice Attorneys, Attorneys
    Hamayoun Aresh
    4800 Hampden Ln
    Bethesda, MD 20814
    (301) 951-9343
    Attorneys, Legal Service Plans
    Cohn Debra A
    4800 Hampden Ln
    Bethesda, MD 20814
    (301) 951-9341
    Attorneys, Legal Service Plans
    Fox Diane A
    4800 Hampden Ln # 700
    Bethesda, MD 20814
    (301) 951-9336
    General Practice Attorneys, Attorneys
    Janowich John W
    108 N Bond St
    Bel Air, MD 21014
    (410) 836-9329
    Attorneys, Legal Service Plans
    Eastman Hope B
    4800 Hampden Ln # 700
    Bethesda, MD 20814
    (301) 951-9326
    Attorneys, Legal Service Plans
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US