Share:

Life is unpredictable, and even the closest couples may one day grow apart. Preparing for the possibility of divorce when planning a wedding may seem cynical, but it’s the best way to protect your assets and prevent bitter legal disputes if the occasion arises. Below are some of the signs you should see a family law attorney before your wedding day.

When to Sign a Prenup

1. Either Spouse Has Significant Assets

Most states, including Tennesee, exempt property you owned before marriage from division in a divorce, as well as gifts or inheritances either spouse received.

However, there are some exceptions. For instance, your spouse might have an interest in an asset if it appreciated over the years. The courts might also divide separate property if one of you has significantly more assets in the future.

A prenuptial agreement lists the assets that both of you own before marriage and sets aside those that shouldn’t be included in the marital estate.

2. You Own a Business

attorneyIn addition to cash, belongings, and investments, interest in a business is considered a form of marital property that could be divided in a divorce, which means you may have to divvy up the earnings with your former spouse or buy out their share.

These include benefit rights and worker’s compensation relating to employment that accrued during the period of the marriage. Your attorney can help prepare a prenuptial agreement that keeps your business investments out of the divorce settlement by defining separate from marital property.

3. One Spouse Is Planning to Make Career Sacrifices

Supporting your spouse as they finish school, train in their respective fields, and advance their careers can be a fantastic marital investment, increasing your earning potential and quality of life for years to come. Or you may choose to give up your career to stay home with the children.

If your marriage ends before you can enjoy the benefits of your spouse’s career earnings, however, a prenuptial agreement ensures you’re fairly compensated for financial losses.

 

Before you plan your wedding day, talk to an attorney about signing a prenup at Castles Family Law in Brentwood, TN. The firm offers the compassionate, effective legal advice you need. Their attorneys have helped families from Davidson to Rutherford counties navigate the complexities of the law, providing solutions tailored to your unique situation. Visit their website for more on their family law services, or call (615) 804-6086 to schedule a consultation.

tracking