Fort Collins Prenuptial Agreement Lawyer
Protect Your Future with a Prenuptial Agreement
In the midst of planning for a wedding, it's easy to lose sight of your financial future. You may be focused on the details of the wedding day or the honeymoon or building a life together with your future spouse. However, if you don't take the time to plan for your financial future, you could be putting your future at risk.
A prenuptial agreement is a valuable document that can help you protect your assets and your financial future. At the law firm of Levi A. Brooks Attorney at Law, P.C., we understand how a prenuptial agreement works and can help you draft a prenuptial agreement that meets your needs.
What Is a Prenuptial Agreement?
A prenuptial agreement, or prenup, is a contract that details how assets will be divided in the event of a divorce. If a couple is planning to get married, they can enter into a prenuptial agreement before they walk down the aisle. If they fail to do so, they can enter into a postnuptial agreement, or marriage contract, that outlines the same terms.
Colorado is a "community property" state, which means that all assets, debts, and income of a couple during their marriage are considered joint property. This means that upon divorce, the couple's assets will be divided equally between them. A prenuptial agreement can help a couple plan for this event and decide how assets will be divided in the event of a divorce.
Why Do People Get Prenups?
While some may view a prenup as a negative aspect of marriage, it can actually provide numerous benefits for both parties involved.
There are many reasons why people get prenups. Some of the most common include:
- To protect a business or professional practice
- To protect the family's financial security
- To protect inherited or other special-interest property
- To protect the family's standard of living
- To protect one spouse's future retirement benefits
- To protect the interests of children from previous relationships
- To avoid lengthy and costly legal battles in the event of a divorce
These are just a few of the many reasons why people get prenups. By understanding the benefits of a prenup, couples can approach the process with a clearer perspective and ensure that their future is protected. If you're considering a prenup, it's a good idea to speak with a Fort Collins prenuptial agreement lawyer to make sure you're protecting your future.
Drafting a Prenuptial Agreement
When drafting a prenuptial agreement, a lawyer will help the client identify all of their assets and create a plan that outlines how the assets will be divided in the event of a divorce. A prenuptial agreement can also include terms that state what will happen to the assets in the event of the client's death. You can decide who will get what, how the property will be divided, and what will happen to the property in the event of your death. A prenuptial agreement can also include provisions for spousal support.
Get the Legal Guidance You Need Today
Whether you're considering getting married or already married, a prenuptial agreement can help you plan for your future. At our law firm, you can speak with an experienced prenuptial agreement lawyer in Fort Collins who will work with you to create a prenuptial agreement that meets your needs. We will work with you to understand your situation and help you create a prenuptial agreement that protects your assets and your financial future.
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