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Why Prenuptial Agreements Are A Good Idea

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If you want more information about marriage contracts or are willing to create one for you and your spouses, Tracy Lyson is an experienced family lawyer who can help. Call 701-235-8000 or 877-235-8002! I would most likely have received legal advice to prepare a marital agreement, but I would very much appreciate some early advice on the heritage department. -Michael The law governing marital agreements (known in Utah as “pre-marital agreements”) is found in the Utah Code under Title 30, Chapter 8. We will answer most of the questions related to pre-marriage agreements by referring to the applicable sections of the Utah Code and certain Utah jurisprudence on this matter. In short, marital arrangements are often useful for people entering another marriage after divorce or the death of a spouse. Marital agreements in these situations can help prevent any friction between the couple about the property you have worked hard with your previous spouse, and that you may feel that the new spouse should not argue or share any interest. Similarly, marital arrangements help married couples protect their children`s inheritance from the “bad step-parent.” Marital agreements can also be useful for people with exceptional financial means, in order to protect them from “goldsmiths”. For the rest, I think marital agreements are starting to get married on the wrong foot. Pre-marriage and post-marriage agreements are often defamed and receive very bad rap. The reality is that they are simply misunderstood. It is a wonderful way to protect each other from making decisions in the future against anger and resentment.

If you`re madly in love, the last thing you want to think about is what would happen if it dyed. The flip side of this medal is that if you plan possible scenarios in the future, everyone is protected who can offer tranquility. People and emotions naturally change over time. If you and your spouse can evolve in the same way or work together to create a happy media, you will never need to implement your prenup or postnup. Just like buying homeowner`s insurance to protect you financially if your home burns, you hope you`ll never need it. Marital chords are the perfect way to do it. Although they have a bad rap – and they certainly are not for everyone – they have a lot of advantages. To help you decide whether a marriage agreement is right for your situation, you need to consider the following five benefits: Studies have shown that discussing these issues and how to deal with them before marriage is the best way to protect you and your future spouse from disappointments and struggles if the marriage doesn`t work later. So it`s always a good idea for a third party to pass on this discussion between you and your partner. If you have a financial planner with the skills to do it for you, they can help you prepare a document that could go to your lawyer, which describes your assets to the exclusion.