Do I Need a Prenuptial Agreement?
In our previous article, we discussed What is a Prenuptial Agreement? and why increasing numbers of couples are opting to sign these agreements.
Now that you know some of the reasons why a prenuptial agreement (“prenup”) can be so important, you may want to consider the following questions to determine if a prenuptial agreement is right for you:
- Do you own real estate?
- Do you have cash savings?
- Do you earn significantly more than your partner?
- Do you have significantly less debt than your partner?
- Do you have significantly more assets than your partner?
- Do you have more than one year of retirement benefits?
- Do you have employment benefits such as stock options or profit sharing?
- Do you have children from a previous relationship?
- Do one or both parents depend on you financially?
- Does a part of your estate include beneficiaries or heirs other than your partner?
- Does your partner plan to go to school while you work?
- Do either of you have a business?
- Are you expecting an inheritance of money or other assets?
If you answered “yes” to one or more of foregoing questions, it would be in your best interest to consider a prenup. If you answered “no” to all of the questions, you may not need a prenup now, but having one could protect your future assets and earnings.
Contact the attorneys at the Law Offices of Azita M. Mojarad, P.C. to discuss your individual situation and determine if a prenuptial agreement is warranted.