Why Form A Prenuptial Agreement?
Prenuptial agreements are formed prior to a marriage and are designed to protect the assets of both parties in the event of a divorce. Richard E. Fowlks, Attorney at Law, has helped countless couples resolve their prenuptial agreement concerns.
“What happens if this doesn’t work out” is an uncomfortable question to ask when preparing for a marriage. It would perhaps be easier to think of the topic in terms of small, simpler, more manageable questions such as:
How old are we?
Generally speaking, the younger you are, the less likely it is you have accumulated a large amount of property to be concerned about in the event of a divorce. Older individuals have had more time to build up assets such as homes or retirement accounts. These may impact the decision over getting a prenuptial agreement, as well as the emotional reaction to such a suggestion.
What are our resources?
You may have inherited some important heirlooms or have a trust fund. Or you may have never prioritized building wealth as you got older. Either way, high-value assets may make you more likely to consider getting a prenuptial agreement.
What are our major concerns for our property?
Do you have multiple homes? A number of cars? Jewelry or other heirlooms? If you got a divorce, what is it that worries you most about your treasured possessions and residence? Knowing exactly what gives you anxiety can help you decide where you stand.
What makes this conversation so difficult?
Not knowing where the future will take your relationship and worrying about the life you built is perfectly natural. If you are concerned, a prenuptial agreement may alleviate those fears. It can also benefit couples to discuss important questions about their finances and views before entering into marriage. The discussion is not always easy so the choice, ultimately, is up to you. However, a lawyer can help you understand the considerations you need to make about your situation.
We offer a discounted rate for initial consultations so couples can get their questions answered. You are under no obligation to enlist our services after this conversation. Contact our Portland office by calling 503-505-7941 or 888-779-8837or using our online contact form. We serve Portland and the tri-county area of Oregon.