When people get married, they naturally believe that their marital unions will be blissful and last decades. Unfortunately, the reality is that nearly half of marriages end in divorce. For this reason, creating a prenuptial agreement is a wise move for those who are getting ready to walk down the aisle in Texas.
A prenuptial agreement is an agreement that outlines which party will get which assets in the event that they decide to get divorced in the future. Prenuptial agreements are especially important in cases where one or both parties are bringing substantial assets into the marriage. They are also expedient to create if one or both spouses expect to receive a significant amount of money following the wedding.
For example, perhaps a scientist is trying to develop a brand-new drug. A prenuptial agreement could mention that any future benefit that she receives from her work would remain her separate property. Alternatively, she could allow her spouse to receive just a percentage of this benefit if they ever get divorced in the future.
An attorney in Texas can help those who are getting ready to marry to first draft comprehensive and well-thought-out prenuptial agreements. For those who are already married, an attorney can likewise help them to create postnuptial agreements, which serve the same purpose as prenuptial agreements but are simply drafted after the wedding. The attorney’s main goal in creating these types of documents is to protect the client’s best interests in the event of a divorce down the road.