Prenuptial agreements in Maryland and Washington, DC set forth marital versus separate property. Such agreements are no longer only for wealthy individuals but rather considered mainstream when entering legal marriage today. JGL is fluent in the many moving parts a prenuptial agreement can include, as well as what it takes to ensure enforceability in court if necessary.
JGL’s prenuptial agreement lawyers work with you to protect your assets, which can range from a large family business, future inheritance, and heirlooms to addressing issues associated with children from a previous relationship to establishing alimony. Prenuptial agreements are viewed as a contract under Maryland and Washington, DC. laws – where both parties willingly sign without fraud, undue influence, or by mistake.
Although a prenuptial agreement can make provisions for circumstances such as alimony and property division upon divorce, there are certain factors it will not protect. If there are children involved in a marriage, a prenuptial agreement cannot outline arrangements for child custody or child support, as a judge will determine what is in the best interests of the child in these situations.
What is a Prenuptial Agreement?
A Prenuptial Agreement (“Prenup”) is simply a contract executed by couples who are contemplating marriage. Usually these agreements protect assets brought into the marriage in case of divorce. They can also clarify how you plan deal with debt, finance and other matters during your marriage.
Who Needs a Prenuptial Agreement?
Every couple can benefit from the creation of a Prenuptial Agreement. Creating a Prenup gives you an opportunity to discuss and agree upon the management of important matters. The process can actually make your marriage stronger. A thoroughly prepared Prenup can minimize the stress and expenses of a divorce because you already addressed those issues in your prenup. In addition, a Prenup can protect interests of any children born out of this marriage.
How a Prenuptial Agreement is Drafted
It is unethical for one attorney to represent both parties in a Prenuptial Agreement. Each party must have their own attorney. Usually, one attorney drafts the initial agreement, and the other party’s attorney reviews and revises it.
A Prenup must be in writing, signed by you and your future spouse. Each of you must have been advised by counsel. It should be accompanied by a full financial disclosure of each party. And to reduce stress, the agreement should be drafted and signed well in advance of the wedding date.
Limitations of a Prenuptial Agreement
Prenuptial agreements cannot determine custody or child support matters.
Benefits of a Prenuptial Agreement
Executing a well-drafted Prenuptial Agreement can offer peace of mind regarding assets brought into the marriage and alimony. Such agreements radically decrease the cost of any future divorce, and also reduce the time necessary to finalize a divorce.
Why Work with a Prenuptial Agreement Lawyer
An experienced JGL Prenuptial Agreement lawyer can ensure a seamless process and an enforceable agreement. A well-drafted agreement can save you worry, time and money going forward.
Consult an Experienced Maryland Prenuptial Agreement Lawyer
For over five decades, JGL family law attorneys have fought to improve the future of families, the arc of careers, the success of business, and your most basic human rights. The Maryland Prenuptial attorneys of JGL take your business, family, and personal issues as personally as you do. We relentlessly pursue the outcomes you desire. If you need guidance from a Maryland prenuptial agreement lawyer, contact JGL.
