Aurora Prenuptial Agreement Lawyers

Prenuptial agreements often get a poor reputation. Many people believe that prenuptial agreements only apply in marriages involving one or more very wealthy spouses and that the agreements promote divorce. However, prenuptial agreements are important legal tools that allow engaged couples to protect their assets in the face of a naturally uncertain future. What these agreements do not do, however, is increase the likelihood that the couples who enter into them will seek a divorce in the future. If you would like to discuss a possible agreement, contact an Aurora family law attorney today.

Do You Need a Prenup?

Most people equate prenuptial agreements with the very wealthy, but this is far from the only demographic that can benefit. People seek prenuptial agreements for a wide variety of important reasons that can include:

• If one spouse enters the marriage with a business, a prenup can allow that spouse to keep that business as separate property. It is common for families to mix and mingle their assets in a marriage, and that can take ownership of a business complicated. Further, if the business is a family business, there may be even more reason to keep it separate.
• If one spouse has exceptionally high debt, a prenuptial agreement can alleviate the fear that, if a divorce does come to pass, the other spouse will assume half of that debt.
• If one or both of you have children from a previous marriage, a prenuptial agreement can help you assure their inheritance and beneficiary rights upon either spouse’s death.
• If one of you owns specific property that you want to keep separate, a prenuptial agreement can help you do that. Again, if the asset is a family thing, you very well may want to keep it in your family. Further, if you have a personal collection of value, you may want to ensure that it won’t be dismantled, dispersed, or otherwise divided in the event of a divorce.

There are many reasons that one or both spouses may want a prenuptial agreement. Such an agreement is not a testament to your lack of faith in your marriage but a show of your commitment to eliminating certain stressors so you can focus on what’s most important – deepening your marital relationship.

What Your Prenup Can Cover and What it Cannot

While your prenuptial agreement can cover a lot of ground, it cannot address either your child custody arrangements or child support under Colorado law. These critical issues are always based on the children’s best interests and on the circumstances in effect when a divorce takes place. As such, no pre-planning is possible.

Your prenup can, on the other hand, address all of the following (in the event of divorce):

• How your marital assets will be divided
• Which properties will be maintained as separate property
• How your outstanding debts will be divided
• How retirement benefits will be distributed
• What will happen to your marital home and any other properties
• How tax liability will be assigned
• Whether or not you will remain beneficiaries on each other’s life insurance policies (and other beneficiary-based financial tools)
• Whether spousal support will play a role, and if so, its amount and duration

Whatever prenup concerns you have, an experienced prenuptial agreement attorney can help ensure that your agreement both protects your rights and is legally binding.

Consult with our Experienced Aurora Colorado Prenuptial Agreement Attorneys Today

Prenups can play an important role in your financial planning, and the Aurora prenuptial agreement attorneys at CNL Law Firm, PLLC, can help you with that. We take great pride in serving clients like you, so please don’t hesitate to contact us online or call us at (720) 370-2171 for more information today.