Seder & Chandler, LLP
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Prenuptial and Post-Nuptial Agreements Archives

Prenuptial agreements better than using separate bank accounts

Entering into a premarital agreement may seem like a quick path to getting divorced in the near future. However, premarital agreements -- which are also commonly known as prenuptial agreements -- can actually be helpful for a marriage, as they allow couples in Massachusetts to discuss their finances and marital expectations before they walk down the aisle. These agreements essentially spell out both parties' rights, as well as their obligations, in the event they get divorced.

Prenuptial agreements offer many advantages

The decision of whether or not to enter into any kind of formal legal agreement before getting married is a personal one. In some cases, couples who are about to get married in the state of Massachusetts prefer not to enter into a prenuptial agreement because they assume that their marriages will last. However, prenuptial agreements offer several benefits in the event of divorce, which are not always avoidable.

Prenuptial and post-nuptial agreements can address assets, debt

When people in Massachusetts think about a prenup or postnup, they may immediately think about celebrities and the messy divorces they experience. In reality, a difficult divorce can happen to a person at any income level. It makes good sense for couples to get prenuptial agreements before saying their vows, or post\-nuptial agreements after I Dos have already been exchanged.

Prenuptial agreements can protect intellectual ideas

Millennials in Massachusetts and elsewhere place more value on experiences than they do on possessions. In the same way, the latest trend shows that when it comes to prenuptial agreements, millennials place just as much value on their ideas that they do on their money. More millennials are seeking to protect their intellectual property in the event of a future divorce, as they realize that divorce rates today are higher than they have been in decades past.

Prenuptial agreements can help to protect one's finances

When couples marry, they likely do not anticipate the marriage will end in divorce. A prenuptial agreement essentially dictates which spouse will get what if they end up divorcing in Massachusetts. Although this type of agreement sometimes gets a bad rap, prenuptial agreements are known to soothe the hard feelings and complexities that come with divorce. Getting one drawn up before walking down the aisle can help a person to protect himself or herself financially in the event that divorce is inevitable down the road.

Prenuptial contracts can organize assets for cohabitating couples

Same-sex couples now have the legal right to marry anywhere in the United States, which is a wonderful step toward achieving the financial and contractual benefits offered by a legal marital classification. However, that status is only prospective, and may not accurately represent the various arrangements that a same-sex couple has been enjoying for years.

It is up to you and your spouse to decide on a prenup

Deciding whether a prenuptial agreement is right for you and your spouse is a personal decision that only the two of you can make together. But in making that decision, you can be setting yourself up for a healthy marriage while still protecting yourself in case a divorce were to arise in the future.

Considering a prenup? Know what to include and what to avoid

Couples that are about to walk down the aisle may consider a prenuptial agreement to protect both parties. Prenups aren't the taboo contracts that society used to frown upon. Today, they are vital documents that most couples should at least discuss before getting married. Even if you don't end up signing a prenup, the conversation itself can at least allow the couple to discuss some important financial and life topics that may not have happened if the prenup conversation hadn't been made.

Why you may want to consider a postnuptial agreement

Most Massachusetts residents are likely familiar with the legal document known as a prenuptial agreement. Prior to marrying, a prenup is reviewed and signed by both parties. Such an agreement may include specific terms related to the retention, division and ownership of assets, belongings and debts that an individual brings to a marriage. In the event a couple later divorces, having a prenup typically makes the divorce settlement process less complicated and costly.

Shielding a business from a divorce

Entrepreneurs who start and own a business often struggle and sacrifice for years to make a profit. For those who do end up finding success, it's important to take steps to protect one's stake in a business as well as one's share of business-related assets. This is especially important when it comes to divorce.

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