12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents

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 Genesee, PA

Deciding Whether a Pre-Nuptial Agreement is Right for You in Genesee, PA

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 PA 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 Genesee, PA
    Getsinger Bruce L
    1243 Liberty St Ste 518
    Franklin, PA 16323
    (814) 432-9456
    Social Security & Disability Law Attorneys, Attorneys, Corporation & Partnership Law Attorneys, Gene
    Getsinger Bruce L
    1243 Liberty St # 518
    Franklin, PA 16323
    (814) 432-9456
    Attorneys,  Social Security & Disability Law Attorneys,  Corporation & Partnership Law Attorneys,  G
    Lackatos John C
    1040 Elk St
    Franklin, PA 16323
    (814) 437-9278
    Criminal Law Attorneys, Attorneys
    Wilson Lloyd
    1243 Liberty St # 406
    Franklin, PA 16323
    (814) 677-9196
    Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
    Mt Royal Lawyers
    1007 Mount Royal Blvd
    Pittsburgh, PA 15223
    (412) 492-8975
    Mon. - Fri. 9am - 5pm, Sat. - Sun. CLOSED
    Sheppard James P
    85 E Main St
    Elizabethville, PA 17023
    (717) 362-8651
    Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Business Law Attorne
    Mason H Denning
    817 E Bishop St
    Bellefonte, PA 16823
    (814) 353-8600
    Attorneys, Family Law Attorneys, Legal Service Plans
    Edward Kaushas Law Office
    294 Main St
    Dupont, PA 18641
    (570) 655-8555
    General Practice Attorneys,  Attorneys,  Bankruptcy Services,  Legal Service Plans,  Bankruptcy Law
    Stover Jeffrey W
    122 E High St
    Bellefonte, PA 16823
    (814) 355-8235
    General Practice Attorneys, Attorneys
    Attorneys for Disability-Frederick
    102 Pickering Way
    Exton, PA 19341
    (610) 768-8002
    Attorneys, General Practice Attorneys
    Cheli Jacob A
    303 E Lincoln Hwy
    Exton, PA 19341
    (610) 594-7030
    Attorneys, Legal Service Plans
    Huber & Palsir, LLC.
    201 Spring Garden St Ste 201
    Philadelphia, PA 19123
    (267) 773-6114
    Legal Service Plans,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys
    Stuart Joan B
    525 W Lancaster Ave
    Haverford, PA 19041
    (610) 527-6080
    General Practice Attorneys, Attorneys
    Thomson William M
    2589 Washington Rd Ste 430
    Pittsburgh, PA 15241
    (412) 833-6006
    Solle Randy P
    506 9th St
    Franklin, PA 16323
    (814) 432-5955
    General Practice Attorneys
    Tomlinson Allen K
    414 Main St
    East Greenville, PA 18041
    (215) 679-5912
    Attorneys, Legal Service Plans, Estate Planning, Probate, & Living Trusts, Wills, Trusts & Estate Pl
    Ryan J Michael
    300 N Pottstown Pike # 150
    Exton, PA 19341
    (610) 524-5890
    Attorneys, Legal Service Plans
    Mc Intyre & Logsdon Law Office
    1243 Liberty St # 403
    Franklin, PA 16323
    (814) 432-5616
    Attorneys, Criminal Law Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service P
    Logdsdon Sible, Pamela R Mc Intyre & Logsdon Law Office
    1243 Liberty St # 403
    Franklin, PA 16323
    (814) 432-5616
    Attorneys, Criminal Law Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service P
    Brandt David P
    1328 Liberty St # B
    Franklin, PA 16323
    (814) 432-5556
    Wills, Trusts & Estate Planning Attorneys, Attorneys, Real Estate Attorneys, Legal Service Plans
    Jason P Provinzano LLC
    294 Main Street
    Dupont, PA 18641
    (570) 505-5533
    Attorneys,  Criminal Law Attorneys,  Banking & Mortgage Law Attorneys,  Personal Injury Law Attorney
    Miller Kistler & Campbell Inc
    124 N Allegheny St
    Bellefonte, PA 16823
    (814) 355-5474
    Personal Injury Law Attorneys, Litigation & Tort Attorneys, Attorneys
    Manchester R Bruce
    124 W Bishop St
    Bellefonte, PA 16823
    (814) 355-5421
    General Practice Attorneys, Attorneys, Legal Service Plans
    Williams Ronald L
    747 Constitution Dr # 100
    Exton, PA 19341
    (610) 458-4994
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US