Asset Protection for Marrying Couples in Arizona
Premarital agreements, often referred to as prenuptial agreements in Arizona, are designed to protect the financial interests of parties entering into a marriage. Issues such as property division, child support and spousal support can be covered in a prenuptial agreement. For spouses, this can provide a sense of confidence that, in the event of a divorce, an agreement will define how these issues are to be decided.
If you are considering a prenuptial agreement, it is important to consider the pros and cons of such an agreement with an experienced attorney. It is also important that you develop an agreement that works for the unique needs of your marriage. At The Baker Law Firm, LLC in Phoenix, our family lawyers can answer your questions about prenuptial agreements and help you draft an agreement that is right for you.
Common Reasons for a Prenuptial Agreement
Although prenuptial agreements may not be appropriate for every couple getting married, there are circumstances where a premarital agreement is an especially good idea:
- If one partner earns substantially more than the other partner
- If one or both partners have a significant amount of assets or debts
- If one or both partners own a business or part of a business
- If one or both partners has children from a previous marriage
Premarital agreements are not only beneficial for couples who get divorced but also for situations where one spouse dies unexpectedly. However, in order for a prenuptial agreement to protect your assets and your children, it must be prepared properly.
Prepare Your Premarital Agreement Correctly
Find out more information about premarital and postnuptial agreements in Arizona by contacting us at The Baker Law Firm, LLC in Phoenix, Arizona, to schedule an initial consultation. Let us answer your questions and provide honest advice about your options. Call us at 602-842-0359 .