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Prenuptial Agreements Archives

What Are Common Prenuptial Agreement Pitfalls?

What are common prenuptial agreement pitfalls? Many thoughts, ideas and agreements go into a prenuptial agreement, and because of that, disputes or disagreements on certain portions of the document might occur. Whether it is a celebrity couple, a high net worth individual or just the average couple, many hope to get the agreement finalized quickly. This alone could lead to the 10 common mistakes when a prenup is executed.

Chris Rock Deals with Expired Prenup during Divorce

Money is often the source of many disputes for couples in Ohio and other states in the nation. Moreover, money is often fought over during dissolution and could be the basis for post-divorce issues. Whether a couple is wealthy or not, entering into a prenuptial agreement could help spouses avoid a messy divorce with regards to splitting money, assets and property. However, despite the usefulness of these legal documents, couples should fully understand the details of the prenup to ensure the validity and enforceability if a divorce were to occur.

Determining If A Prenuptial Agreement Is Right for You

Just like the marital process involves numerous decisions, so does the dissolving of a marriage. One marital decision impacts how some decisions are made during a divorce. If a couple decides to include a prenuptial agreement in their union, this legal document, if proven enforceable and valid, could control how assets and marital property are treated and divided.

How Is a Prenuptial Agreement Invalidated?

When couples in Ohio and states across the nation decide to marry, they can take steps to protect them both emotionally and financially. The couple can execute legal documents prior to the union, which can protect the couple in the case of a divorce down the road. A prenuptial agreement may be drafted prior to marriage and can include details that could ease the divorce process. While this document could prove to be very useful when properly drafted, if errors are made, this could impact the enforceability of the document.

Biggest Mistake by Athletes Is Not Including a Prenup

For the rich and the famous, getting married sometimes seems to be a precursor to preparing for a divorce. This thought often makes conversations about a prenuptial agreement difficult and unpleasant, but taking the time to draft this legal document could protect both parties and save them some of the time and stress commonly associated with the dissolution process. Including a prenuptial or postnuptial agreement in a marriage is not only for the wealthy but is also used by various couples in Cincinnati seeking to be prepared for divorce even if they do not see the process in their future.

Including a Social Media Clause in a Prenuptial Agreement

For some couples in Ohio, the constraints created by a relationship could last long after the marriage. This often occurs when a prenuptial agreement is involved. The details of the legal document could explicitly spell out what a spouse can do in the relationship and after the divorce is finalized. This could lead to future complications, especially if some clauses contained in the document are very broad.

Business Asset Distribution and Prenuptial Agreements

Prior to marriage, throughout their union and even through dissolution, couples in Ohio often argue about finances. This is especially true if spouses own a business together. Separating business assets in a divorce could become a very messy and complicated process. Even if they are able to eventually come to terms on the vast majority of their marital property, business assets are left argued over and could prolong the complex divorce situation.

Including infidelity clauses in prenuptial agreements

When couples in Ohio decide to get married, much thought and decision-making is often included in the process. For some, preparing for marital problems is crucial. Although most people do not like to consider divorce prior to marriage or after only a few years of marriage, the reality is that some couples wisely seek a legal document that will serve their interests and offer protection in the event of a divorce or separation. Including a prenuptial agreement in a marriage may make the divorce process go more smoothly.

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