For those concerned about protecting assets down the road, pre-nuptial agreements, or “prenups”, are a reasonable precaution. When a person marries, often his or her separate property comingles with property that is considered community property. This comingling can create major complications in the event of divorce. Further, simply moving between states can significantly impact what a potential property division would look like upon divorce. A prenup can outline how the parties intend to divide property, award spousal maintenance, and greatly eliminate the aggression and confusion typically associated with divorce.
In certain situations, post-nuptial agreements, or “postnups”, to divide marital property between parties that are already married can be a good way to preserve and protect assets and to fast-track a future divorce. Such things can ease marital stress and sometimes resolve issues to avoid a divorce.
Pre-nuptial and post-nuptial agreements don’t just protect your assets—they can protect your spouse or fiancé from inheriting your debts. They can also keep your assets safe from the risks associated with a spouse’s business venture.
If you live in Frisco, Texas, trust the Law Office of Matthew Davis, PLLC to draft your pre- or post-nuptial agreement. He’ll help you and your spouse or fiancé designate your individual properties to avoid complications that may arise in the event of divorce.
Prenuptial and postnuptial agreements don’t just protect your assets—they can protect your spouse from inheriting your debts. They can also keep your assets safe from the risks associated with a spouse’s business venture.
Want to learn more about these protective orders? Call 469-294-2261 to schedule a consultation with the Law Office of Matthew Davis, PLLC.