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 97214

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 97214


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 97214
    A Automobile Accident Attorneys
    2111 E Burnside St
    Portland, OR 97214
    (855) 871-9308
    Automobile Accident Attorneys,  Attorneys,  Social Security & Disability Law Attorneys,  Accident &
    Laurel Lawson
    833 SE Main St, PMB 422
    Portland, OR 97214
    (503) 734-9154
    Attorneys, Family Law Attorneys, Divorce Attorneys, Child Custody Attorneys
    Schneider Law Offices
    626 SE Alder St
    Portland, OR 97214
    (503) 255-9092
    Attorneys, General Practice Attorneys, Social Security Consultants & Representatives
    Hutchinson Legal Services, PC
    516 SE Morrison St Suite 206
    Portland, OR 97214
    (503) 808-9032
    Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
    John Wittrock P.C.
    516 SE Morrison St Suite #1010
    Portland, OR 97214
    (503) 253-8801
    Attorneys, Bankruptcy Law Attorneys, Legal Service Plans
    Scott Levin - Levin And Levine LLP
    516 SE Morrison st. suite 610
    Portland, OR 97214
    (503) 946-8708
    Attorneys, Bankruptcy Law Attorneys, Legal Service Plans
    Scher Linda
    3282 SE Hawthorne Blvd
    Portland, OR 97214
    (503) 232-8550
    Mediation Services, Attorneys, Family Law Attorneys, Arbitration Services, Divorce Assistance
    Scher Linda R
    3282 SE Hawthorne Blvd
    Portland, OR 97214
    (503) 232-8550
    Mediation Services,  Attorneys,  Family Law Attorneys,  Arbitration Services,  Divorce Assistance
    Schoenfeld & Schoenfeld
    2051 SE Belmont St
    Portland, OR 97214
    (503) 236-8170
    Attorneys,  Labor & Employment Law Attorneys,  Accident & Property Damage Attorneys,  Corporation &
    Mackin Patrick K
    811 SE Stark St
    Portland, OR 97214
    (503) 231-8007
    General Practice Attorneys, Attorneys
    Russell Law Offices
    516 SE Morrison St # 520
    Portland, OR 97214
    (503) 282-7999
    General Practice Attorneys, Attorneys
    Mitchell Law Office
    1333 SE Ankeny St
    Portland, OR 97214
    (503) 238-7871
    General Practice Attorneys, Attorneys, Litigation & Tort Attorneys
    Mark Johnson Roberts
    516 SE Morrison St Ste 1200
    Portland, OR 97214
    (503) 236-7710
    Attorneys, Legal Service Plans
    Parker Richard J
    1336 E Burnside St # 200
    Portland, OR 97214
    (503) 241-7700
    Attorneys, Legal Service Plans
    Siegel Mark
    516 SE Morrison St
    Portland, OR 97214
    (503) 236-7321
    Attorneys
    Graham C Fisher, LLC
    1549 SE Ladd Ave
    Portland, OR 97214
    (503) 517-7000
    Criminal Law Attorneys,  Drug Charges Attorneys,  DUI & DWI Attorneys,  Personal Injury Law Attorney
    Wilde Melinda B
    1300 SE Oak St
    Portland, OR 97214
    (503) 238-6658
    Attorneys
    Berkshire Ginsberg
    1216 SE Belmont St
    Portland, OR 97214
    (503) 233-6507
    Personal Injury Law Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Legal Service Pla
    Quinlan Pamela
    833 SE Main St # 108
    Portland, OR 97214
    (503) 546-5593
    Attorneys, Legal Service Plans
    Hood Tyler
    3735 SE Clay St # 201
    Portland, OR 97214
    (503) 295-5566
    Family Law Attorneys, Attorneys
    Divorce Service
    1715 E Burnside St
    Portland, OR 97214
    (800) 452-5546
    Attorneys
    Lee Thomas J
    2033 SE 6th Ave
    Portland, OR 97214
    (503) 546-5492
    Attorneys
    Kelleigh Melissa
    3735 SE Clay St
    Portland, OR 97214
    (503) 935-5477
    Attorneys
    Peter Bunch Law Firm
    511 SE 11th Ave # 201
    Portland, OR 97214
    (503) 688-5123
    Attorneys, Family Law Attorneys, Divorce Attorneys, Arbitration Services, Arbitration & Mediation At
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US