Portland Family Attorney Discusses Premarital Agreements

A Prenuptial AgreementPremarital agreements, also called prenuptial agreements, define certain rights and responsibilities of each spouse before a couple enters into marriage. If you have significant assets, a lucrative career, inherited wealth, children from a prior marriage, or a partnership or other business interests, you may want to consider a premarital agreement. In the event you and your spouse encounter problems down the road and ultimately decide to dissolve your marriage, a premarital agreement may preemptively resolve some or all of the issues that you normally would hammer out during the divorce process. Portland family attorney Ronald Allen Johnston can evaluate whether you may benefit from a premarital agreement and help you develop one that addresses the emotional and financial needs of both you and your future spouse.

Benefits of Premarital Agreements

A premarital agreement allows you to enter into marriage understanding what rights and obligations you have to your spouse, including if the marriage ends due to separation, divorce or death. These agreements can be as simple or as complex as the parties desire and can address a wide range of matters, including:

  • Division of property
  • Property interests of children from prior marriages
  • Spousal support obligations
  • Protection from spouse’s debts
  • Inheritance rights
  • Life insurance policies
  • Retirement and education funds
  • Management of finances and bank accounts
  • Agreements regarding savings
  • Filing status for tax returns
  • How to settle future disagreements, such as mediation or arbitration

Premarital agreements cannot determine child custody, support or visitation rights, nor can they encourage divorce or define non-financial matters such as household chores. Premarital agreements take effect upon marriage and can be modified or revoked. Many times, couples who fully discuss their financial matters prior to marriage find that premarital agreements can be mutually beneficial and build a strong foundation for marriage.

Portland divorce attorney Ronald Allen Johnston has been assisting clients with family law matters for over 40 years and can help you take steps prior to marriage to avoid a potentially costly and drawn out divorce should your relationship end.

Contact Ronald Johnston Today

If you are considering a premarital agreement, contact Portland family lawyer Ronald Allen Johnston today to discuss your concerns and learn about your legal rights. While it is nice to imagine all marriages end in happily ever after, that simply is not the case. It is better to plan for the unexpected now than to wind up dealing with a complicated divorce later. Portland divorce lawyer Ronald Allen Johnston can help you make important decisions about your upcoming marriage, so you and your fiancé can both have peace of mind before saying “I do.”

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