What Should You Include in a Prenuptial Agreement in Maryland?
The attorneys at Lebovitz Law, LLC work with couples throughout the state to create an effective prenuptial agreement in Maryland that protects both individuals entering marriage. A prenuptial agreement is a practical tool to help spouses negotiate the financial outcome of divorce in the event that it occurs. Studies have shown that the existence of a prenuptial agreement in Maryland does not make divorce more likely or less likely, so what should you include in yours?
What Does Maryland Consider a Prenuptial Agreement?
The state of Maryland has specific laws governing prenuptial agreements that define what they are. Prenuptial agreements are written contracts signed by two prospective spouses that detail how aspects of a divorce, like alimony and property division, will be handled. They can be used by couples of any income level, in any field of work and to protect almost anything. Whether you want to protect a family business or a family heirloom, a prenuptial agreement can help you to do so.
What Can Be Covered by a Prenuptial Agreement in Maryland?
A prenuptial agreement can deal with a broad range of topics that come up during the divorce process, including financial obligations at the time of marriage and even into the future. Some of the issues covered can include:
⦁ How to divide debts and assets during divorce
⦁ How each spouse can sell, buy or manage property during the marriage
⦁ If one spouse will pay alimony after divorce, including the duration of the alimony and the amount
⦁ If the spouse’s retirement accounts will be separated or divided
⦁ How life insurance policy proceeds will be divided
⦁ And more
It’s important to note that a prenuptial agreement in Maryland cannot determine child custody or child support matters. Child support is a right that parents cannot negotiate before divorce, and the court will make the final decision in all child support matters. A couple also cannot contract to divorce in the prenuptial agreement. If there is a written promise to marry included, it will not be enforced by the court unless the woman is pregnant.
What Should You Include in a Prenuptial Agreement in Maryland?
Prenuptial agreements are not predetermined or one-size-fits-all, so you can modify yours depending on what applies to your relationship. The attorneys at Lebovitz Law, LLC can help to customize your prenuptial agreement so that it meets your needs now and in the future. Couples work together collaboratively with our attorneys to discuss a broad range of marital issues that can lead to problems in the future.
When you work with an attorney, we can create prenuptial agreements that are highly asset-specific. There can be information included regarding the disposition of assets acquired before and during marriage like personal property, real property, bank accounts, automobiles and retirement assets. There is an extensive list of things that can be incorporated into your prenuptial agreement in Maryland. We will ensure that your contract is thorough and that it is legally valid in the state of Maryland. We can also assist in the unfortunate event that you and your spouse do seek a divorce. A prenuptial agreement in Maryland can make the divorce process simpler, but, if there are any children involved, you will need experienced legal representation.
Assistance With Creating a Prenuptial Agreement in Maryland from The Attorneys at Lebovitz Law, LLC
Whether you are searching for an experienced lawyer to assist with your divorce, creating a prenuptial agreement or other issues, The attorneys at Lebovitz Law, LLC can help. To learn more about how we can assist you, please contact us today at (410) 828-0680.
