When two people decide to marry, change is inevitable. Merging of property and assets may be the default choice of many couples, but others may take a slightly different approach. Couples in Alabama who wish to retain specific assets in the event of divorce, or provide for their distribution in the event of death, may choose to implement a prenuptial agreement. These agreements must be handled properly, and seeking legal counsel during the process is often advisable.
Virtually every Alabama resident is aware of the power of a prenup in protecting against financial loss. For those who have not tied the knot but are simply living together, it is easy to assume that a similar level of protection is not available. In reality, however, cohabitation agreements can provide many of the same protections that a prenuptial agreement offers, especially in regard to purchasing a home.
Marriage is the act of combining two lives into one, and there are many considerations that must be made to ensure that a match will be rewarding and fulfilling for both parties. Aside from physical attraction and romantic love, there are a number of practical matters that will define the days and years that make up an Alabama marriage. Financial concerns are one of the most important topics that should be discussed prior to marriage, and those discussions often reveal the need to draft a prenuptial agreement.
In Alabama and throughout the nation, many thousands of dating couples will decide to head to the altar in the coming year. Many will wish to clarify certain issues before they get married in an effort to avoid potential discord later down the line. In recent times, more and more couples view the execution of a prenuptial agreement as a common sense option for protecting their interests.
The age of life expectancy has increased over the years. One consequence of this seems to be that many people are marrying later in life. In fact, some Alabama couples might be in their Golden Years when they decide to marry. Whether to sign a prenuptial agreement is a concern of many.
A recent article discussed issues concerning contracts drawn up between engaged couples as opposed to those entered into after a marriage takes place. Alabama couples might wonder if a prenuptial agreement is better or worse than a post-nuptial contract. The article offered information on both of these legally binding documents.
Preparing for marriage is an exciting time in a couple's journey through life. At times, however, issues involving personal assets, future inheritances or land ownership come into play, potentially changing adventure to stress if a couple is not careful. Farmers and ranchers preparing for marriage in Alabama might want to consider a recent trend that many landowners are following across the nation. Signing a prenuptial agreement, some say, provides a means of security and prevents potential worries for a soon-to-be married couple.
Prior to marriage, many couples decide to enter into a contract which commonly determines property divisions and spousal support in the event of a future divorce. Alabama couples might be interested in a recent decision made by a court in another state. The ruling stated that one couple's prenuptial agreement, executed abroad in 1997, is not valid because one of the spouses could not read the language in which the contract was written. At the time the agreement was executed, the bride-to-be relied upon a verbal translation offered by her fiance.
In the state of Alabama, and all across the nation, the youngest of the Baby Boomers are slated to turn 50 this year. According to a recent poll, 40 percent of 2014's newlyweds have also been involved in previous marriages. A prenuptial agreement is often used in these circumstances in order to prevent future discord and squabbles.
Prior to saying "I do," many modern couples are now signing prenuptial agreements. This is because couples are now realizing that a prenuptial agreement can help them avoid confrontation in the future. For Alabama couples who are heading toward the altar, a prenuptial agreement deserves serious consideration.