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.
Prenups are becoming more common for newly engaged couples that wish to safeguard the assets they are bringing into the marriage and to provide for the division of marital assets if the couple ends up getting a divorce. A prenuptial agreement could potentially eliminate the need for Alabama couples to spend a significant amount of time and money in the courts if their marriage ends. Many people are also beginning to use prenups to deal with one other item that the law considers property -- the family pet.
Most people believe that prenups are only a preparation for a divorce in the future. However, entering into a prenuptial agreement is not only for safeguarding assets and property, it’s also about proper communication and planning ahead of time. This can help prevent or at least decrease the chances of Alabama couples having bitter arguments in the future.
For many individuals -- whether they have important assets or children that they are trying to protect -- a prenuptial agreement can be an essential tool to utilize before entering into a marriage. However, it may surprise some in Alabama to learn that these agreements are not necessarily airtight. After a divorce, a prenuptial agreement can actually be challenged for a number of reasons.
Planning a wedding can be a bittersweet moment that is fun and stressful at the same time. While Alabama couples are choosing the perfect venue for their wedding, they may also consider a prenuptial agreement. Prenuptial agreements can safeguard spouses’ assets in case of divorce.
When couples reach the decision to divorce, financial matters might be among the first things each spouse considers. Couples typically accumulate assets together during the course of their marriage and must try to untangle them during the course of divorce. As each spouse tries to figure out his or her post-divorce needs, there may be questions about exactly how to formulate the financial settlement.
Many couples enter marriage knowing that signing a prenuptial agreement is an option to help protect their assets, but others might be apprehensive to sign one or even consider the possibility of doing so. In some cases, there is an impression that signing a prenuptial agreement is counterintuitive to the idea of getting married or is something only for wealthy individuals. A recent poll suggests that these perceptions might be changing.