The end of a marriage can have a significant impact on a person’s future. The division of property and assets can often be complex and, in some cases, may also lead to heated disputes during divorce proceedings. However, if a prenuptial agreement is in place, the subsequent process could be less stressful and challenging, potentially prompting many individuals in Missouri to consider the benefits in advance.
In the event of divorce, a prenuptial agreement might protect certain assets throughout the process. In addition, it could also help one avoid taking on any debts that his or her spouse has accumulated. In some cases, it can also add structure and financial definition to a relationship, which could in turn stave off certain monetary issues that may unfortunately be common among many marriages.
However, such decisions often require a great deal of thought for a variety of reasons. The agreement must be properly formed and signed voluntarily, or it may not be upheld during court proceedings. In equitable distribution states like Missouri, the division of property and assets doesn’t have to be equal, but must be fair, and the court may deem the agreement invalid if it is unfair to either spouse.
When considering a prenuptial agreement, obtaining an understanding of the available options and their potential outcomes is often beneficial. With numerous aspects to consider, a person might choose to speak with a family law attorney for assistance in the process. An attorney can provide a client in Missouri with advice on covering every aspect when forming a prenuptial agreement, as well as guidance on how it may impact his or her situation in the event of a divorce.
Source: FindLaw, “Can Prenuptial Agreements Help You?“, July 24, 2017