One of the most frequently asked questions of any divorce attorney in Portland OR is: “Do we need a premarital agreement?”
A premarital agreement, or prenuptial agreement (often shortened to “prenup”), defines the rights and responsibilities of each party before they enter into a marriage.
Some think a premarital agreement turns marriage into a business arrangement and dooms it to failure. In most cases, a premarital agreement has little to do with romance; it’s just good planning if the unthinkable happens.
When should you enter into a premarital agreement?
Consider a premarital agreement if one or more of the following apply:
• You have a lucrative career.
• You have children from a prior marriage.
• You’ve inherited wealth.
• You have significant assets.
• You’re part of a business partnership.
• You have significant business interests.
A premarital agreement may help you and your spouse resolve some, possibly all, of the issues that can arise during the divorce process.
To learn more about premarital agreements, and whether or not they are appropriate for you and your future spouse, contact Ronald Johnston, a prominent divorce attorney practicing in Portland OR. You can contact him by clicking here.
To read part two of this series click here.