A prenuptial agreement, also known as a “prenup,” is a compromise made by a couple before the marriage, which entails the ownership of separate and community property if the marriage ends. However, proposing a prenup may not be the most romantic way to discuss finances and the future.
On the other hand, establishing a prenuptial agreement can make your relationship with your future spouse stronger. While the idea of a prenup can result in an argument and turmoil, addressing financial matters can improve the quality of your relationship by proving you and your soon-to-be spouse can communicate about important issues without misunderstandings. In addition, you can discover if your significant other has any ulterior motives.
The following are the benefits of a prenuptial agreement in California:
- Protect each party’s separate property from becoming marital property
- Protect a party’s business or practice from being subject to property division
- Protect the financial stability and inheritance rights of a party’s children, if one party has been involved in a previous divorce
- Minimize or avoid court litigation
- Avoid sharing debt, specifically, if one party has more debt than the other
- Reduce financial conflicts associated with divorce
How Burch, Coulston & Shepard Can Help
If you are interested in drafting a prenuptial agreement, our Newport Beach divorce attorneys are prepared to help you navigate through the complexities of family law and determine all of your available legal options. We will ensure that your best interests are protected.
Contact our firm and request a free consultation today.