Prenuptial and postnuptial agreements can vary in terms depending on the wishes of the couple. For example, in a standard case both couples could leave with the assets they brought into the marriage as well as an agreed upon division of the assets acquired during marriage. In a more complicated scenario, one person in the relationship could be entitled to a large inheritance. Should the marriage fail, a portion of the inheritance could be agreed upon for the individuals spouse either as a percentage or a specific sum.
Prenuptial and postnuptial agreements are very advantageous to protect the assets of children from previous relationships of either spouse. In situations of second, third and subsequent marriages, a pre or postnuptial agreement will ensure that children will be taken care of in the event of a divorce. If one spouse were to die and no prenuptial had been created, the child or children could be excluded and the assets would then go to the spouse.
At Cascade Law we will simplify this process and walk you through step by step ensuring that your assets are divided as you see fit. Divorce is not a pleasant thought and no couple enters into marriage with divorce in mind, but with divorce rates as high as 50% across the country it is becoming a common decision to protect yourself and your assets at a time when things are stable and level headed.