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prenuptial agreements Archives

Prenuptial agreements are becoming the new normal

For those who are planning to marry, an important aspect to consider before the upcoming nuptials is to have an open and honest conversation about money. While not as glamorous as planning a honeymoon retreat, it is imperative to discuss finances, existing debt and the prospect of a prenuptial agreement. More couples in Maryland and other states are entering into prenuptial agreements while planning for their future together.

Maryland prenuptial agreements: Never in the shadow of the altar

Some things in life just seem to develop a bad reputation. It's true that prenuptial agreements are associated with divorce. Suggesting them is not like deciding where to go on honeymoon or choosing the flower arrangements for the wedding reception. Having premarital conversations about money are usually brief, reticent and uncomfortable. Yet, Maryland family law attorneys can bear witness to the value of prenups -- not just as important divorce documents -- but as mainstays of well-launched marriages.

Review of prenuptial agreements needed due to tax change

A proposal for lifelong marriage can be exciting for a couple as they look forward to sharing their lives together. However, some individuals of great wealth will consider a prenuptial agreement prior to saying "I do." A prenup can help set the financial expectations in a marital relationship and can also protect one's assets in the event of a divorce.  Maryland couples who have current prenuptial agreements will need to review them in order to continue protecting their finances as the newly enacted federal tax laws will make changes to alimony in 2019.

When to talk about prenuptial agreements with children of wealth

One of the largest contentions in a marriage is the handling of finances. However, some individuals must consider their finances before they tie the knot. Individuals of wealth, either self-made or inherited, should consider a prenuptial agreement prior to a marriage. Maryland families of great wealth strongly encourage prenuptial agreements to protect the family's assets as the money is passed down from generation to generation.

Prenuptial agreements can secure future financial interests

When a couple is preparing to walk down the aisle, the thought of a prenuptial agreement can seem unromantic and unnecessary. Nevertheless, this sort of legal agreement can be beneficial to protect the interests of both parties in the event of a divorce. Maryland couples considering the benefits of prenuptial agreements are not planning for their marriages to end; they are simply putting protections in place in case of a contingency. 

Importance of prenuptial agreements

Prenuptial agreements can be complicated as well as physically and mentally straining. They involve honest communication from both parties about the future of a relationship, and can also provide a financial road map to abide by throughout a marriage. When preparing to marry, Maryland couples are advised to understand the reasoning of prenuptial agreements before tying the knot.

Prenuptial agreements are not always a bad thing

Marrying the love of your life brings overwhelming feelings of excitement and happiness. You are finally becoming a family and joining as one. Sadly, not every love story has a happy ending, and sometimes marriages fall apart, so it is important for couples to review their assets before saying "I do." With prenuptial agreements, Maryland couples are able to determine the fate of their assets, such as money or property that either person is bringing into the marriage, along with any major financial obligations.

You should consider the benefits offered by prenuptial agreements

Preparing for marriage is an exciting time for a Maryland couple. In the midst of the excitement, however, it is beneficial to think about protecting future interests. One of the ways that some couples do this is through prenuptial agreements. While it is not a romantic thought, it is smart to consider what will happen to your property and assets in a divorce. 

Prenuptial agreements can be part of an estate plan

For many Maryland families, protecting their base of wealth is a top priority. This is understandable, as many families have worked hard for decades to build their wealth or to broaden the base of inherited wealth. The prospect of losing a significant portion of those assets is a distressing prospect, and an issue that arises when a family is considering estate planning options. One tool that can be employed to protect wealth are prenuptial agreements as part of an estate plan.

Immigration policy leads to spike in prenuptial agreements

It is hard for Maryland residents to turn on the TV or read a newspaper without being barraged by facts and opinions concerning the new administration's immigration policies. Regardless of what side one chooses to take regarding matters of immigration, it is beyond doubt that the issue has impacted many living within the nation's borders. When it comes to matters of the heart, immigration policy shifts may have sparked an uptick in the number of prenuptial agreements sought by couples as they prepare to wed.