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 Guys Mills, PA

Deciding Whether a Pre-Nuptial Agreement is Right for You in Guys Mills, 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 Guys Mills, PA
    Bonner Timothy R
    209 W Pine St
    Grove City, PA 16127
    (724) 458-9550
    Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Legal Service Pla
    Maribeth Blessing
    7900 High School Rd Ste 2
    Elkins Park, PA 19027
    (215) 663-9016
    Corporation & Partnership Law Attorneys,  Legal Service Plans,  Attorneys,  Family Law Attorneys,  B
    Kratz Quintos & Hansen LLP
    4232 Brownsville Rd Ste 308
    Pittsburgh, PA 15227
    (412) 881-8450
    Attorneys Referral & Information Service
    N. Leah Fink
    4411 Stilley Rd Ste 206
    Pittsburgh, PA 15227
    (412) 391-7299
    Attorneys, Social Security & Disability Law Attorneys
    Price & Adams
    4135 Brownsville Rd Ste 5
    Pittsburgh, PA 15227
    (412) 882-7170
    General Practice Attorneys, Attorneys, Legal Service Plans
    Disability Law Clinic of Eric J Fischer
    8380 Old York Rd
    Elkins Park, PA 19027
    (215) 576-7130
    Social Security & Disability Law Attorneys, Attorneys, Social Security Services, Legal Clinics, Lega
    Straub Douglas E
    1305 S Center Street Ext
    Grove City, PA 16127
    (724) 458-5330
    Attorneys, Legal Service Plans
    Bogaty Raymond H
    101 S Center St
    Grove City, PA 16127
    (724) 450-5000
    Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  Legal S
    Nesbit Law Firm
    234 W Pine St # 2
    Grove City, PA 16127
    (724) 264-4800
    General Practice Attorneys, Attorneys, Legal Service Plans
    Epstein Arnold
    4143 Brownsville Rd Ste 4
    Pittsburgh, PA 15227
    (412) 882-4717
    Attorneys Referral & Information Service, Attorneys
    Brennan Robins & Daley
    4143 Brownsville Rd
    Pittsburgh, PA 15227
    (412) 882-4717
    General Practice Attorneys,  Attorneys,  Attorneys Referral & Information Service,  Legal Service Pl
    O'Brien William J
    4322 Main St
    Philadelphia, PA 19127
    (215) 487-3800
    Attorneys, Legal Service Plans
    Pinnola & Bomstein
    8039 Old York Rd
    Elkins Park, PA 19027
    (215) 635-3070
    Attorneys, Legal Service Plans, Family Law Attorneys, Divorce Attorneys, Business Law Attorneys, Ins
    Castelli Greg
    2600 Brownsville Rd
    Pittsburgh, PA 15227
    (412) 882-2600
    Attorneys, Legal Service Plans
    Weissman Jerry
    411 Shoemaker Rd
    Elkins Park, PA 19027
    (215) 635-2314
    General Practice Attorneys, Attorneys
    Michael D. Sayles
    427 W. Cheltenham Ave, Ste # 2
    Elkins Park, PA 19027
    (215) 635-2270
    Bankruptcy Law Attorneys
    D'Antonio Daniel M
    300 9th St
    Conway, PA 15027
    (724) 869-2164
    Attorneys, Wills, Trusts & Estate Planning Attorneys, Real Estate Attorneys, General Practice Attorn
    Yu Taekhwan Le
    429 W Cheltenham Ave # 2
    Elkins Park, PA 19027
    (215) 635-2101
    General Practice Attorneys, Attorneys
    Brown Karen & Scott
    2039 Raleigh Rd
    Derry, PA 15627
    (717) 566-1283
    Fanelli-Greer, Lisa Jo Attorney
    2806 Sunset Court
    Grantham, PA 17027
    (717) 790-0744
    Social Security & Disability Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Appellat
    Chong-Su Kim
    1135 Cheltenham Avenue
    Melrose Park, PA 19027
    (609) 436-0008
    Criminal Law Attorneys,  Family Law Attorneys,  Immigration Law Attorneys,  General Practice Attorne
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US