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More people are looking at prenuptial agreements

On Behalf of | Jul 29, 2020 | Family Law |

Georgia divorces are not always easy to settle and will, sometimes, head to trial. All of this can be avoided if the two spouses sign a prenuptial agreement before they are married. Then, in case of a divorce, the distribution of assets will be determined ahead of time.

Prenuptial agreements are not just something that can benefit people who are rich before they are married. Instead, anyone who has any assets put away can receive the protection that a prenuptial agreement affords. They can even be protected if they have just started a business that has not yet begun to make money. These agreement may also have provisions that address debt that each spouse brings with them into the marriage.

While these agreements were previously less popular, they are, now, becoming more standard for people to sign. In particular, millennials have begun to sign these with increasing frequency. They, generally, get married later in life, meaning they have more assets accumulated at the time of the wedding. They may also have seen their parents divorce and battle over money when they were kids, leading them to want to avoid that situation for themselves. In any event, millennials do not have the same conceptions about prenuptial agreements that previous generations had.

The best way to learn how this can help is to consult a prenuptial agreements attorney. The lawyer may represent their client in the negotiation of this agreement. Note that each future spouse needs their own legal representation as it is forbidden for one lawyer to represent both sides of the agreement. Trusting this to an attorney could minimize the instances in which both spouses have to negotiate directly with each other for this agreement.


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