The discussion about entering into a premarital agreement while preparing for your marriage is an intensely personal one. On the one hand, it goes against all romantic notions accompanying your wedding day. On the other hand, it is often a wise and practical action for many couples to take, not just the very wealthy.
Also known as pre-nuptial agreements, these written contracts specify each spouse’s rights and responsibilities in terms of separate property brought into the marriage, marital community property, and debts incurred by either party before or during the marriage. A pre-nuptial agreement pre-determines how these assets and debts will be divided and distributed should the marriage end in divorce. Additional provisions may involve financial issues such as inheritances for children from previous relationships, stock portfolios, business ventures, pensions, retirement accounts, alimony, and other related matters.
At Ukrainian Family Law, we understand that pre-nuptial agreements are highly sensitive and difficult topics to discuss between couples. We are here to help guide you both through the process of understanding, negotiating, and drafting agreements meant to protect you financially during your marriage and in the event of divorce.