Protect Yourself with the Help of a Bethesda Prenuptial Agreement Attorney
When entering into a marriage, there are several reasons to consider entering into a prenuptial agreement. Beyond “planning for divorce,” a well-drafted prenuptial agreement will serve several other important purposes to both spouses’ benefit.
Many fiancés are hesitant to bring up the subject of a prenuptial agreement (or “prenup”) with one another. But, this is largely due to misconceptions about prenups and their varied purposes. We understand this; and, in addition to helping our clients craft protective and mutually beneficial prenups, we also give our clients tools for opening a caring and non-confrontational dialogue about why it is important to have a prenuptial agreement in place.
Common Prenuptial Agreement Terms in Maryland
When crafting a prenuptial agreement, it is up to you and your fiancé to decide what terms you want to include. There is no such thing as a “standard” prenup, and it is important to have an agreement that addresses your particular circumstances and any specific concerns you may have. With this in mind, some examples of common prenuptial agreement terms in Maryland include:
- Financial Management – Fiancés can use a prenup to create rules around things like managing their family budget, working toward savings goals, going into debt, and spending on non-necessities and luxury items.
- Estate Planning – Oftentimes, fiancés will need to develop a prenuptial agreement in order to allow their respective estate plans to work as intended.
- Identifying Separate Property – By default, assets that one fiancé brings into a marriage are that fiancé’s “separate” property, and they are not subject to division in the event of a divorce. A prenup can be used to identify separate property upfront so that there is no confusion down the line.
- Addressing Property Ownership and Financial Support Issues – In their prenuptial agreement, fiancés can agree that certain separate assets will be treated as marital assets, or vice versa. Fiancés can also use their prenuptial agreement to address financial support issues for the future if necessary.
- Avoiding Business–Related Issues – If one or both fiancés own a business, they can use their prenup to establish both parties’ respective ownership and control rights—both now and in the future.
- Resolving Issues During the Marriage – Prenups can also include provisions that address dispute resolution during the marriage. For example, fiancés may agree in advance that they will use family law mediation if they reach an impasse on any issue that has the potential to disrupt their marriage.
Again, these are just examples. If you are considering a prenup for any reason (or if your fiancé has asked you to sign a prenup), we encourage you to contact us for more information.
Schedule a Free Consultation with a Bethesda Prenuptial Agreement Lawyer at the Law Offices of Brandon Bernstein, LLC
If you would like more information about the benefits of entering into a prenuptial agreement, please call 240-395-1418 or request a free online. We will schedule a time for you to speak with attorney Brandon Bernstein in confidence as soon as possible.