Prenuptial Agreements Attorney in Towson, Maryland
Marriage is a time of celebration and a time of love. It brings hopes for the future, but also the practical implications of two lives that will now be legally joined as one. In some cases, one or both spouses may wish to draw up a prenuptial agreement to better understand how each partner’s assets and wealth will be handled during the marriage and in the event of a divorce.
If you are contemplating establishing a prenuptial agreement with your fiancé, it is important that you consult with an experienced Maryland family law attorney for detailed guidance. Attorney Richard Lebovitz is committed to providing comprehensive legal guidance in marital agreement-related matters and will offer you the counsel, support, and advocacy you need to make wise decisions.
Lebovitz Law LLC proudly serves clients in and around Towson, Maryland, as well as Baltimore County, throughout Maryland, and in York, Pennsylvania.
What Is a Prenuptial Agreement?
A prenuptial agreement (commonly called a prenup) is a contract made willingly by both parties before marriage that outlines rules and guidelines for the division and protection of assets should the marriage end in divorce.
Each state is able to determine what can and cannot be covered by a prenup. In Maryland, a prenup can be used to protect property rights, personal rights, and alimony.
The main purpose of a prenup is to protect your assets that you have acquired before your marriage or assets that you will continue to acquire after your marriage. Prenups can be modified at any time as long as both spouses agree to the changes and sign an updated contract.
Prenups can only regulate agreements between the two spouses and cannot be used to dictate child support, parenting time, or child custody arrangements. These issues must be handled separately and will be decided based on the best interests of the child.
Who Should Get One?
It can be a very personal decision whether or not to sign a prenup. Sometimes they are seen as less romantic and a sign that you don’t trust your future spouse. But for others, they’re simply a practical legal matter that has no bearing on how much they love their partner.
Some may wish to sign a prenup if they have considerable assets that were acquired before their marriage that they wish to protect either for themselves or for their heirs. Others may have their assets tied up in a family business and a prenup is the best way to keep finances separate and protected. Lastly, many people who have children from a previous marriage may wish to sign a prenup to ensure they will still receive their inheritance.
The Truth About Marital Agreements
A marital agreement can draw clear boundaries, which can make your life easier in the long run. They give you and your partner the opportunity for an open, honest conversation about what’s important to each of you. They protect you in the event that something changes down the road and provide asset protection. Not all couples will want or need to have a prenup, but for those who do, it can be an invaluable tool.
Making Sure It’s Enforceable
You should always make sure your prenup is drawn up by an experienced family law attorney. To ensure the enforceability of a prenuptial agreement, both parties need to agree to the terms and sign of their own free will. If there is any evidence of coercion or that it was signed under duress, it could be invalidated. A prenup may also be invalidated if it’s found to be grossly unfair to one party, and this usually happens when one party fails to disclose all their assets to the other.
Prenuptial Agreements Attorney Serving Towson, Maryland
By educating yourself about asset protection before you get married, you’ll be better prepared to enter this stage of life knowing that all your finances are taken care of. If you’re in the Towson, Maryland, area and would like to learn more about prenuptial agreements, contact Lebovitz Law LLC today.