Getting married may be romantic, but it also involves some business issues because you and your spouse are about to enter into a legal partnership. Even though entering into a marriage is a fairly easy process, getting out of one can be a difficult process.
Since California has a very high divorce rate, prenuptial agreement has become a familiar word. It is a legally binding agreement signed by both parties before the marriage. It dictates how assets are to be distributed in the event of a divorce. A prenuptial agreement needs to contain a full and fair disclosure of the earnings and property of each party. It will be enforced by a court.
A prenuptial agreement comes into play when there is a great disparity in income between the couple or when one person has a pre-existing or family-owned business. Prenuptials are common in second marriages where there are children involved from the first marriage that need to be financially protected.
Drawing up a prenuptial agreement is a good way to obtain clarity before you become husband and wife, and it can minimize any upheaval later on. If you have questions regarding a prenuptial agreement and if it is right for you, contact an experienced Orange County Family Law attorney who can guide you in the right direction.
