Getting married means you are planning for one of the biggest days of your life. The planning is immense. It's so immense that you might miss something. A common item many engaged couples miss is the creation of a prenuptial agreement. Here's what you should include in such a document.
One of the most important things you should include in a prenuptial agreement is a clause that defines marital property. This clause will help explain what items purchased or acquired during the marriage become marital property. This can include items that are acquired individually if you so choose.
Determine what property will remain separate property once you sign the marriage license and take the marital vows. A prenuptial agreement is perfect for making this happen. Many people getting married enter into the marriage with more money or assets than their future spouse. If this is the case, and you want those items to remain yours after divorce, make sure to include them in the prenuptial agreement.
If you enter a marriage with retirement accounts in your name, you can also include them in the prenuptial agreement, ensuring they remain your property should you get divorced.
Are you bringing a business into the marriage with you? Then it's a really good idea to include it in a prenuptial agreement so your spouse does not gain control of it in divorce.
A prenuptial agreement is a great way to protect your children from a previous marriage. The document can explain how some of your assets are to go to your children and not your current spouse should divorce occur.
Headed for marriage in Indianapolis? Protect yourself and your assets with a prenuptial agreement. Contact our firm to acquire help in creating this important document.