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 Zip Code 20007

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 20007


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 DC 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 Zip Code 20007
    Michael Troy
    2233 Wisconsin Ave NW 210
    Washington, DC 20007
    (202) 644-9585
    General Practice Attorneys, Attorneys, Arbitration Services
    Foley Robert M
    3206 Grace St NW
    Washington, DC 20007
    (202) 678-9000
    General Practice Attorneys, Attorneys
    Cullen Sr Paul
    1101 30th St NW # 300
    Washington, DC 20007
    (202) 944-8600
    General Practice Attorneys, Attorneys, Legal Service Plans
    Abadian & Arbabi, LLC
    2141 Wisconsin Ave, Ste. D2
    Washington, DC 20007
    (443) 340-8516
    Estate Planning, Probate, & Living Trusts, Corporation & Partnership Law Attorneys, Estate Planning
    Mullady Jr Raymond G
    3050 K St NW # 200
    Washington, DC 20007
    (202) 339-8400
    Family Law Attorneys
    Mutschelknaus Brad E
    3050 K St NW # 400
    Washington, DC 20007
    (202) 342-8400
    General Practice Attorneys
    Eisen Law Office
    1101 30th St NW
    Washington, DC 20007
    (202) 625-8335
    General Practice Attorneys, Attorneys
    Jorden James F
    1025 Thomas Jefferson St NW Ste 110G
    Washington, DC 20007
    (202) 965-8100
    General Practice Attorneys, Legal Service Plans, Attorneys
    Bingham Mc Cutchen LLP
    3000 K St NW
    Washington, DC 20007
    (202) 424-7644
    Attorneys
    Greenberg & Lieberman
    2141 Wisconsin Ave NW # C2
    Washington, DC 20007
    (202) 625-7000
    Civil Litigation & Trial Law Attorneys, Attorneys, General Practice Attorneys
    Kohn Kohn & Colapinto
    3233 P St NW
    Washington, DC 20007
    (202) 342-6980
    General Practice Attorneys, Attorneys
    May Colby M
    1000 Thomas Jefferson St NW
    Washington, DC 20007
    (202) 298-6348
    General Practice Attorneys, Attorneys
    Russin & Vecchi
    1000 Potomac St NW Ste 500
    Washington, DC 20007
    (202) 822-6100
    Attorneys,  Legal Service Plans,  Labor & Employment Law Attorneys,  Banking & Mortgage Law Attorney
    Russin Jonathan
    100 Potomac St NW # 500
    Washington, DC 20007
    (202) 822-6100
    Attorneys
    Rho, Richard Y - Braude & Margulies
    1200 Potomac St NW
    Washington, DC 20007
    (202) 471-5400
    Civil Litigation & Trial Law Attorneys, Attorneys, Litigation & Tort Attorneys
    Chameides, Steven B - Foley & Lardner
    3000 K St NW
    Washington, DC 20007
    (202) 672-5372
    Litigation & Tort Attorneys, Attorneys, Business Law Attorneys
    Saue, Jacqueline - Foley & Lardner
    3000 K St NW # 500
    Washington, DC 20007
    (202) 672-5306
    Insurance Attorneys, Attorneys, Business Law Attorneys, Litigation & Tort Attorneys
    Sendar Michael D
    1032 33rd St NW
    Washington, DC 20007
    (202) 333-5003
    General Practice Attorneys, Attorneys
    Burzio & Mc Laughlin
    1054 31st St NW # 540
    Washington, DC 20007
    (202) 965-4555
    General Practice Attorneys, Attorneys
    Stephen Gell
    1101 30th St NW
    Washington, DC 20007
    (202) 625-4359
    General Practice Attorneys, Attorneys, Legal Service Plans
    Katriel Law Firm
    1101 30th St NW # 500
    Washington, DC 20007
    (202) 625-4342
    General Practice Attorneys, Attorneys
    Murray Jr, Frank S - Foley & Lardner
    3000 K St NW # 500
    Washington, DC 20007
    (202) 295-4163
    Litigation & Tort Attorneys, Attorneys
    Ralston, David - Foley & Lardner Llp
    3000 K St NW
    Washington, DC 20007
    (202) 295-4097
    Attorneys,  Appellate Practice Attorneys,  Litigation & Tort Attorneys,  Administrative & Government
    John G De Gooyer Foley & Lardner
    3000 K St NW
    Washington, DC 20007
    (202) 295-4047
    Litigation & Tort Attorneys, Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US