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 29302

Deciding Whether a Pre-Nuptial Agreement is Right for You in Zip Code 29302


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 SC 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 29302
    Cummings & Anderson, LLC.
    679 E Main St
    Spartanburg, SC 29302
    (864) 573-9688
    Attorneys, Social Security & Disability Law Attorneys, Labor & Employment Law Attorneys
    Blue Sky Travel
    481 S. Pine St
    Spartanburg, SC 29302
    (864) 699-9134
    Attorneys, Immigration Law Attorneys
    Spears Michael E
    7 Woodburn Ridge Rd
    Spartanburg, SC 29302
    (864) 583-8656
    Attorneys, Legal Service Plans
    Ward Law Firm PA The
    233 S Pine St
    Spartanburg, SC 29302
    (864) 573-8500
    Attorneys
    Belenchia Alexander Thomas
    1989 S Pine St
    Spartanburg, SC 29302
    (864) 439-8401
    Attorneys, Legal Service Plans
    Belenchia Alexander T
    1989 S Pine St
    Spartanburg, SC 29302
    (864) 439-8401
    Attorneys
    Thompson James Fletcher
    302 E Saint John St
    Spartanburg, SC 29302
    (800) 796-8373
    Attorneys, Adoption Services, Legal Service Plans
    McChesney, Paul T Attorney
    188 Alabama St
    Spartanburg, SC 29302
    (864) 582-7882
    Social Security & Disability Law Attorneys,  Attorneys,  Employee Benefits & Worker Compensation Att
    Upstate Family Law & Mediation Center
    333 S Pine St
    Spartanburg, SC 29302
    (864) 576-7748
    Attorneys, Family Law Attorneys
    Anderson David F
    302 E Saint John St
    Spartanburg, SC 29302
    (864) 573-7575
    Attorneys
    Sinclair Phillip K
    302 E Saint John St
    Spartanburg, SC 29302
    (864) 573-7575
    Attorneys, Legal Service Plans
    Edwards Charles
    1229 Farragut Dr
    Spartanburg, SC 29302
    (864) 573-7433
    Attorneys
    Lewis Alexander P. Atty
    753 E Main St Suite 1
    Spartanburg, SC 29302
    (864) 804-6330
    Attorneys
    Max Hyde Law
    753 E Main St # 1
    Spartanburg, SC 29302
    (864) 804-6217
    Attorneys
    Bishop Whitner S
    101 Lafayette St
    Spartanburg, SC 29302
    (864) 504-6112
    Real Estate Attorneys,  Attorneys,  Real Estate Loan Processing,  Financial Services,  Real Estate T
    Cate Law Firm
    383 S Pine St
    Spartanburg, SC 29302
    (864) 504-6103
    General Practice Attorneys,  Adoption Law Attorneys,  Child Custody Attorneys,  Attorneys,  Family L
    Thomason George H
    188 Alabama St
    Spartanburg, SC 29302
    (864) 582-5857
    Social Security & Disability Law Attorneys
    Thomason Law Firm /Atty
    1002 Glendalyn Cir
    Spartanburg, SC 29302
    (864) 582-5857
    General Practice Attorneys, Attorneys
    Strickland J William
    350 E Saint John St
    Spartanburg, SC 29302
    (864) 591-5783
    Attorneys, Accountants-Certified Public
    Thompson James F
    302 E Saint John St
    Spartanburg, SC 29302
    (864) 573-5533
    Attorneys
    Lazenby Law Firm
    340 E Main St
    Spartanburg, SC 29302
    (864) 804-5050
    Attorneys, General Practice Attorneys
    Lazenby, D. Alan
    134 Oakland Ave
    Spartanburg, SC 29302
    (864) 804-5050
    Attorneys
    Mc Queen Jr Arthur H
    175 Alabama St
    Spartanburg, SC 29302
    (864) 585-5021
    Attorneys
    McQueen Law Firm PC
    175 Alabama St
    Spartanburg, SC 29302
    (864) 585-5021
    Attorneys, Elder Law Attorneys, General Practice Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US