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 97210

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 97210


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 OR 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 97210
    Casey Bob
    1205 NW 25th Ave
    Portland, OR 97210
    (503) 221-9700
    General Practice Attorneys, Attorneys
    Wong Jeffrey M
    2340 NW Westover Rd
    Portland, OR 97210
    (503) 206-8233
    General Practice Attorneys, Attorneys
    Grant Richard L
    1205 NW 25th Ave
    Portland, OR 97210
    (503) 222-7343
    Attorneys, Legal Service Plans
    Cosgrove Paul S
    220 NW Skyline Blvd
    Portland, OR 97210
    (503) 291-6700
    General Practice Attorneys, Attorneys
    Susak Frank J
    2301 NW Thurman St # J
    Portland, OR 97210
    (503) 223-6121
    Attorneys, General Practice Attorneys, Legal Service Plans
    Miller David
    2210 NW Flanders St
    Portland, OR 97210
    (503) 299-6116
    Attorneys,  Malpractice Law Attorneys,  Personal Injury Law Attorneys,  Legal Service Plans,  Wrongf
    Hammer Susan M
    25 NW 23rd Pl # 6-473
    Portland, OR 97210
    (503) 222-5949
    Attorneys, General Practice Attorneys
    Morrow Ryan
    2445 NW Westover Rd Unit 503
    Portland, OR 97210
    (503) 546-5944
    Attorneys
    Hagen Douglas D
    1205 NW 25th Ave
    Portland, OR 97210
    (503) 243-5080
    Attorneys, General Practice Attorneys
    Landrey & Co
    2800 NW 29th Ave
    Portland, OR 97210
    (503) 243-4560
    Attorneys
    Goldstein William
    2455 NW Marshall St
    Portland, OR 97210
    (503) 295-4088
    General Practice Attorneys, Attorneys
    Medina Eddie D
    1205 NW 25th Ave
    Portland, OR 97210
    (503) 227-2486
    Attorneys
    Lawrence Ryan
    2301 NW Thurman St # D
    Portland, OR 97210
    (503) 223-2120
    Attorneys
    Rickles Law Firm PC
    1839 NW 24th Ave
    Portland, OR 97210
    (503) 229-1850
    General Practice Attorneys, Attorneys
    American Acdmy St Atty Trng
    2455 NW Marshall St # 11
    Portland, OR 97210
    (503) 241-1215
    Attorneys
    Schneider Richard B
    2455 NW Marshall St # 11
    Portland, OR 97210
    (503) 241-1215
    General Practice Attorneys, Attorneys, Legal Service Plans
    Schwartz & Schwartz
    630 NW Culpepper Ter
    Portland, OR 97210
    (503) 221-0619
    Attorneys
    Spectrum Information Svc
    2701 NW Vaughn St # 148
    Portland, OR 97210
    (503) 295-0395
    Paralegals, Legal Document Assistance
    Black Harvey N Jr Mediation
    2715 NW Thurman St
    Portland, OR 97210
    (503) 294-0280
    Attorneys, Divorce Assistance, Family Law Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US