What Issues Can You Address in a Prenup?

What Issues Can You Address in a Prenup?

Prenuptial agreements used to have negative connotations, but recently more couples are choosing to use them. With a prenup, you can determine with your future spouse how certain assets, debts, or other marital issues will be dealt with if you pursue a divorce.

Studies show that more couples are opting for prenuptial or prenup agreements than ever before. If you will soon be walking down the aisle, you might be wondering what can be included in a prenup agreement. By visiting with well-versed Aurora prenuptial agreements lawyers, you can learn more about these useful agreements, what issues they can potentially address, and how they can work for you.

What is a Prenup?

A prenuptial agreement is a legal contract between two people entering a marriage. It spells out the terms of how certain aspects of the marriage will be handled if the couple is ever to divorce. If there is a divorce, a judge will uphold valid prenup agreements. Prenups can protect certain assets, such as:

  1. A family inheritance
  2. Entrepreneurial endeavors
  3. Large net worth
  4. Privately owned businesses  
  5. Primary and vacation homes

Couples can also limit their liability for certain debts with a prenup, including:

  1. Personal or business loans
  2. Gambling
  3. Credit cards
  4. Support obligations

However, it can’t address certain issues. For example, it can’t include child custody and visitation arrangements or child support for children the couple has in the future. If the couple includes these or other invalid stipulations in their prenup, the court won’t uphold them. By working with an Aurora prenuptial agreements attorneys, you can ensure that your prenup is valid.

Issues that You Can Include in a Prenup

There are many issues that an engaged couple can address within a prenup. Prenups are unique, and some couples might include issues that others don’t. With these agreements, couples can determine the disposition of certain assets and liabilities. A prenup can address:

  1. The division of assets such as retirement accounts, investment properties, businesses, real estate properties, the family home, vehicles, and sentimental items
  2. The division of financial obligations such as student loans, credit cards, and other types of debt accumulated over the marriage
  3. Who gets family pets
  4. What happens to intangible items such as entrepreneurial ideas and intellectual property
  5. How alimony will be distributed, including what support one spouse will pay the other, or if no support is required, and any stipulations that either spouse must follow in order to receive it

Every prenuptial agreement should be specifically tailored to your situation and what you and your spouse agree on. It is important to have an attorney draft your agreement to ensure it is enforceable and that your spouse cannot challenge the agreement as part of a future divorce case. 

Draft Your Prenup with Experienced Aurora Prenuptial Agreements Lawyers Today

By securing a prenup now, you can save time and money if your marriage eventually ends in divorce. To learn more about how you could benefit from a prenup and how to write one, contact the Aurora prenuptial agreements attorneys at the CNL Law Firm, PLLC. Call (720) 370-2171 or fill out our online form. We are here for all of your family law needs.

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