Although prenuptial agreements have a negative connotation, they are an important and useful tool for future planning. Prenuptial agreements are contracts entered into before or during marriage which determine how assets and other issues will be handled if a divorce occurs.
A well-drafted prenuptial agreement can protect your assets, avoid litigation costs and predetermine custody, child support and alimony, which means less of your time and resources will be spent in the event of a divorce. They are commonly used when one or both partners were previously married, have children from a prior relationship or where there is a large discrepancy in wealth between the partners.
If you are interested in drafting a prenuptial agreement or have been presented with one by your partner, the attorneys at Amabile & Burkly, P.C. will ensure that the agreement is reasonable and adequately protects your assets and rights.