Family Lawyers Rockville, MD
Our family lawyers Rockville, MD trusts from the law office of Daniel J. Wright know that prior to getting married many individuals consider whether or not having a prenuptial agreement (prenup) before the ceremony will be of benefit to them. Contrary to what many believe, a prenup is not reserve for wealthy celebrity couples who are headed to the alter. In essence, a prenup is a legal contract between the two individuals that specifies which property is already owned by whom and the debts that each has. It will usually also include the current income of each person. Typically, it will spell out the division of assets, cash, and other items (as well as guardianship of minor children) should the relationship or marriage end. A prenup can be used for common-law marriages as well as for legal marriages. With the help of a family law lawyer Rockville MD offers, creating a prenup can be a straightforward process that protects the best interests of each person. If you are still unsure of whether or not you would like to create a prenup, contact us for a free consultation with our Rockville, Maryland family lawyers who can give you more information about fees and services related to this legal service.
I’m not wealthy, so do I really need to get a prenup?
Contrary to popular belief, a prenup is not just for the wealthiest among us. In fact, they can be useful for those who earn a modest income. Here are several reasons why many people opt to work with our trusted family lawyers in Rockville, MD to create a prenup before getting married:
- Clarify the financial health of each person. The prenup will include the financial portfolio of both people at the time of the prenup. This can help prevent conflict in the future should they break up because in most cases, the assets that a person takes into the marriage they have the right to keep after the marriage. A prenup will often spell out the financial responsibilities that each will carry during the marriage. That can make it easier to avoid conflict.
- Protection against the other’s debts. With a prenup in place, the debts of your spouse will remain their responsibility, and vice-versa.
- Clear division of property. Should the marriage end in divorce, if a prenup was used and it specified who should have which assets and other property (including real property such as the house), this can greatly simplify the divorce process. Talk to our Rockville family lawyers about whether or not your prenup can legally include terms for receiving or declining alimony or spousal support payments.
- Specify which assets should go to stepchildren in the event of a spouse’s death. Though a will or trust may function in this way, your family law attorney can clarify whether or not a prenup can detail which assets should go to which stepchildren in the event of a death.
To learn more about the legal services we offer, contact our reliable family lawyers in Rockville, MD from the Law Office Of Daniel J. Wright.