When an Arizona couple is preparing to get married, it is a time of excitement and joy. Planning for your wedding day is wonderful, but it can also be beneficial to plan ahead to the future beyond the wedding itself. It can be practical and smart to consider the benefits of also drafting a prenuptial agreement before you walk down the aisle.
Many people mistakenly believe that prenuptial agreements are only necessary for people who make a lot of money or who have substantial and valuable assets they need to protect. In reality, this simple legal protection can provide security for couples of all income levels. You would be prudent to learn more about how this step could benefit you.
It’s also important that you have your prenuptial agreement drafted by a knowledgeable and experienced divorce attorney. As the agreement itself is only as strong as the person who writes it. Courts in Arizona can hold the words of these agreements to the highest scrutiny, as in the recent Arizona case involving a major newspaper publisher. In this case, Joseph Soldwedel asked a judge to not grant the prenuptial agreement between him and his wife, Felice Soldwedel. This would have denied his wife $900,000. After careful review of the document and case, the judge ruled to uphold the prenuptial agreement.
The benefits of this decision
There are multiple reasons why a prenuptial agreement could be the right choice for you. It can allow you to accomplish specific goals, including the following:
- Protect inheritance for children and grandchildren from previous marriages
- Protect your business interests in case of a divorce
- Outline property division and financial arrangements in case of a divorce
- Allow you to outline the financial responsibilities of both parties entering in to the marriage
- Allow you to limit the amount of spousal support you may have to pay
- Protect the interests of older individuals or those entering second marriages
A prenuptial agreement is about more than just planning for property division in case of a divorce. It is a way to have peace of mind regarding the future, and you can enter your marriage knowing your interests are secure.
Many people fail to consider the benefits of this step because it may seem like you are planning to divorce before you even get married. It may not seem romantic, but discussing a prenuptial agreement with your soon-to-be spouse can actually lead to productive conversations regarding money and financial responsibilities.
Planning for the future starts today
Having a prenuptial agreement is not planning to divorce. It is simply having a contingency plan in place. It is practical and prudent to take whatever legal steps are available to you to secure your interests. Through a prenuptial agreement, you can avoid future complications and outline the financial expectations of each party in a marriage.
If you believe that this could be the right step for you, it can be helpful to seek a complete evaluation of your unique situation before you get married. This provides you with a full understanding of your legal options. If you have any questions about prenuptial agreements, please contact Centuori & Associates, family law and divorce attorneys of Tucson, at (520) 314-6526.