We enter into a marriage with the belief that it will last for the rest of our lives. Unfortunately, things do not always work out and one may have to file for divorce as a result. A valid prenuptial agreement can help to ensure that you are protected in the event that things do not work out as intended. A “prenup” can also help to ensure that you are not held responsible for your spouse’s poor financial decisions. If you are considering marriage then there are many reasons why you may wish to enter into such an agreement. Retaining an experienced family law lawyer can help you to understand all of your options. Our Boston attorneys assist with the negotiation and drafting of premarital contracts. Contact our office today to schedule an initial consultation. We also assist those in Cambridge, Salem, Dedham, Worcester, and other areas.
Prenuptial agreements can be used to dictate how the spouses’ marital property and debt will be divided in the event of a contested divorce. Without such an agreement, any assets or debt acquired during the marriage will be subject to our state’s laws regarding marital property division. This means, for example, that the parties would split bank accounts, real estate equity, and other items brought to the marriage as well as those acquired after the date of their wedding. It also means that one may be required to pay one half of any debts their spouse incurred before or during the marriage, regardless of who’s name the debt was in. Having an agreement in place, however, can prevent disagreements over assets, debts, and spousal support as such issues would be governed by the contract.
There are other benefits to having a prenuptial agreement. These benefits can include making it easier for your business to raise capital, the fact that the IRS will typically not garnish the wages of a spouse who has a valid prenup, and more. When negotiating and drafting such an agreement it is important that the matter be handled properly. An agreement which is written hastily, or improperly, can result in items being invalidated or the agreement being found to be invalid.
Our Boston family law attorneys assist with the drafting of prenuptial contracts. We will use your initial consultation to gain an understanding of your financial situation and your overall goals. We will help you to reach a contractual framework which is aligned with your goals and we will then draft the document as quickly as possible. Such documents can often be prepared for a one time fee. It is our goal to get you through this process as quickly as possible so that you may focus on your upcoming marriage. Contact us today to speak with a lawyer. We also assist Massachusetts residents in the Middlesex County cities of Cambridge, Lowell, Somerville, and Newton, as well as those in the cities of Salem, Dedham, Worcester, Brockton, Quincy, and Lynn.