When two people plan to marry, our Knoxville, TN prenuptial agreement lawyer can share that one of the most challenging conversations couples stand to have is that of the prenuptial agreement. The last thing most soon-to-be-married couples want to do is develop a plan for a time when they are no longer married. However, a prenuptial agreement may be a savvy decision for some couples because it sets out how assets will be divided should the couple divorce. It’s a common misconception that these agreements are only needed to protect a wealthy person’s assets from another person. As our team from Carpenter & Lewis PLLC can explain, there are several reasons to consider a prenup, including:
Although prenuptial agreements are available to anyone with assets who wants a plan, those with significant wealth should consider drafting a prenup. In some cases, one or both parties may have property, investments, stocks, and more assets. Clearly outlining how these assets will be divided can help clarify what will happen in the event of someone’s passing or divorce. Having a clear plan ensures that both parties agree on the division of wealth long before assets are separated in the event of divorce.
A prenuptial agreement can help to protect businesses from spouses who are non-owners of the company. Ultimately, an agreement can prevent the spouse with no stake in the business from accessing ownership rights to the business, property, and any income the business generates. Our Knoxville prenuptial agreement lawyer will share that without a prenup, business owners may not be able to protect the business as assets may have to be divided or ownership may need to be shared. This can have a far-reaching impact on other business partners and business employees.
It’s not uncommon for a couple to enter into a second marriage with their own children. A prenup can help to protect any assets the child stood to inherit before the second marriage. These agreements can pay special attention to which possessions and assets the children of each party are entitled to.
Another reason to consider a prenup is the ability to separate assets and debts. In addition to a prenup allowing for a clear division of assets, it can keep community property separate, thus protecting one another from debts. The other parties’ assets are also protected from creditors by waiving community property.
Clear prenuptial agreements can significantly simplify the divorce process and the agreements that must be made. While there will still be several issues to resolve before a divorce can be finalized, a prenup can clearly outline how assets will be divided should divorce ensue. Ultimately having these agreements in place can save time, money, and heartache during the many challenges of divorce.
While there are several reasons to consider a prenuptial agreement, it’s important to note that they are only for some. While these agreements can clearly outline expectations surrounding the management of assets down the road, it’s always important to first speak with a professional. To learn more about how our Knoxville prenuptial agreement lawyer can help outline the next steps, contact Carpenter & Lewis PLLC as soon as possible.
A Knoxville, TN prenuptial agreement lawyer can help you protect your assets if you’re faced with a divorce. Read on to learn more about what happens if you don’t get prenup, and get in touch with Carpenter & Lewis PLLC to get the security you deserve.
As a Knoxville, TN prenuptial agreement from our office can explain, divorces often take people by surprise. While there are many warning signs that a marriage may be in trouble, they oftentimes go unnoticed or actively ignored until it’s too late.
If you’re not even married, but you and your partner are constantly arguing or stonewalling each other, you may need to take a step back. A prenup can help before your marriage, so if you and your spouse-to-be are experiencing any of these challenges, you may want to get in touch with a lawyer just in case.
Divorces are permanent solutions to what may just be temporary problems. But there’s only so much that therapy, interventions, and talking it out can do for a relationship, and you need to be prepared to call things off if you haven’t tied the knot yet.
Without proper legal advice, you may be heading into a trap. Even a happy and healthy relationship can profit from a prenuptial agreement, and if you and your partner have experienced some challenges and difficulties that seem like they’re more than just a rough patch, you may want to lawyer up before making a serious commitment.
If you get married without prenup, everything is at risk. Your spouse can take real estate, collections, and much more. Even an amicable divorce can turn bitter when kids and money get involved – and even if you’re planning on spending the rest of your life with someone, you need to be prepared in case they have other plans.
Aside from being on the hook for spousal and child support, your ex can take assets that you’ve worked hard to earn for the two of you. It’s important to float the idea of a prenuptial agreement before you commit to a marriage, no matter how long you’ve been together.
Think you’re ready to tie the knot? Ask your significant other about prenup. This isn’t some kind of manipulative test: It’s an important conversation for any couple, and if your partner seems taken aback or offended by the idea, it may be time to sit down for an important conversation about planning your future together.
Having a discussion about prenup helps you and your significant other set some clear boundaries about what you both expect from your relationship. Someone unwilling to hear where you’re coming from may have other plans for your marriage.
A marriage takes a lot of work, and if you’re planning on spending the rest of your life with someone you care about, you can’t let your emotions run the show. Getting in touch with a prenup lawyer can help you and your partner plan your future and keep your assets safe, and it’s an important conversation to have together.
Get in touch with Carpenter & Lewis PLLC today, and see what a Knoxville prenuptial agreement lawyer from our office can do for you.
As a Knoxville, TN prenuptial agreement lawyer can explain, a prenuptial agreement, also known as a prenup, is a legal contract that is entered into by two people before they get married. The purpose of a prenup is to protect the assets of each person in the event of a divorce. As we have seen at Carpenter & Lewis PLLC, there are many reasons why a person might want to get a prenup. For example, one person might have a lot of assets that they want to protect, such as a business, a house, or a retirement fund. Another person might have debts that they want to keep separate from their spouse, such as student loans or credit card debt.
A prenuptial agreement can be a complex document, so it is important to have an experienced Knoxville prenuptial agreement lawyer review it before you sign it. A legal team can help you understand the implications of the agreement and make sure that it is fair to both parties. Here are some of the benefits of having a prenuptial agreement:
Here are some things to keep in mind when choosing the right lawyer to help:
Getting a prenuptial agreement can be a daunting task, but it is important to remember that it is an important step in protecting your assets and your future. By working with a lawyer, you can make sure that you get the prenuptial agreement that you need. Here are some additional things to consider when creating such a document for your future together:
If you are considering getting a prenuptial agreement, it is important to contact a Knoxville prenuptial agreement lawyer as soon as possible. We can prepare you and your significant other for a life together by devising a prenup that addresses the concerns that you both may have. At Carpenter & Lewis PLLC, we can help you understand your options and make sure that you get the best possible prenuptial agreement for your needs.
For a consultation with one of the probate attorneys at Carpenter & Lewis, please call (865) 690-4997 or you may prefer to send an e-mail to: co[email protected]. Consultations are by appointment only.
“We own several businesses and have had the pleasure of working with Stephen and his team for over 9 years now. He always comes through in a pinch. They have assisted us with leases, estate planning, company formations and even landlord issues. I highly recommend them for all your business attorney needs!”
Mary Ellen Nichols
10413 Kingston Pike, Suite 200
Knoxville, Tennessee 37922
New Clients: (865) 509-9600
Existing Clients: (865) 690-4997
Facsimile: (865) 690-4790