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Prenuptial agreements are commonly the stuff of sensational, high-profile Hollywood divorces and drama films, but how do they apply in real life? Do you need to speak to your fiancé about signing one, or are they only for wealthy individuals who need to protect their assets? According to Everett Cuskaden & Associates ALC, a family law firm based in Honolulu, you should probably consider signing a prenup if you have any significant assets before your marriage or believe you will eventually.

Essentially, a prenuptial agreement details which property belongs solely to each partner and what is community property. These provisions can protect a family business, retirement benefits, and the inheritances of anyone outside your marriage—such as children from a previous spouse—who stand to inherit property in your estate.

prenuptialWhile the provisions in a prenuptial agreement can be extremely specific, state law does exclude some issues from the contract—namely, child support and custody issues. If you and your spouse do eventually separate, the court will make the final determination on those issues. In fact, prenups do have to be reviewed by a judge, who may set aside any elements which are unfair or violate the laws of your state.

While prenuptial agreements are very useful for some couples, many others would be fine without them. To find out whether you and your fiance should consider working through a formal agreement, visit an experienced family law attorney who will help determine whether this would be in your best interests.

Everett Cuskaden & Associates ALC pride themselves on providing all of their clients with detailed legal advice and solutions tailored to their specific needs. To learn more about their services and reputation for excellence, visit them online or call (808) 545-1331 to discuss your prenuptial agreement today.

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