
For many people, falling in love and preparing for marriage is a process that is so wonderful that they lose sight of the harsh reality that anything can happen and marriages often end. If your stock broker told you that he or she has a great investment for you but you have a 60% chance of losing all of your money, would you invest? Yet people get married everyday without premarital agreements even though the divorce rates in many states are well over 50%.
But, what if you could invest and take out a low cost insurance policy that would prevent you from losing your investment? Sound good? That insurance policy would be known as a “Premarital agreement” or “Prenup”, as it is commonly called. To be sure, the idea of a prenup is often not spoken of, as it implies that there is a possibility that the soon to be marriage could potentially result in divorce one day. However, if you have assets, a business, or you may be inheriting assets some day, it is in your best interest to have a prenup prepared. A prenup is also a good idea for other reasons, as it allows you and your spouse to specify exactly how your assets will be divided when one of you dies. This is important as you may have property that you want children from a previous marriage or relationship to inherit.
At Amaral & Associates, P.C., we have successfully represented a large number of clients of all ages and varying degrees of wealth with pre and post marital planning through the use of prenuptial and postnuptial agreements regardless of the size and value of their assets.
We also realize that initiating a conversation with your spouse regarding a prenup is not always easy. At Amaral & Associates, P.C. we guide our clients with helpful tips, suggestions and a unique process for asking and educating your spouse about a prenup, while decreasing the chances of bringing turbulence into your relationship.