What happens if you don't sign a prenup?
What happens if you don't sign a prenup?
Pre-nuptial agreements offer peace of mind for couples. Many couples fight over money, and a pre-nup can help define how much each person will pay each other. It can also define what is acceptable for the two of you to spend on things like utilities. This type of contract can also define what will happen if you get divorced.
Pre-nuptial agreements are legal documents that can protect the assets of either spouse should a divorce occur. These documents modify the default rules set forth by state legislatures and case law. Without a pre-nup, couples may not be able to protect certain assets from being divided 50/50 after a divorce. For example, if a couple does not sign a pre-nup, they will be faced with community property laws that could take advantage of family heirlooms or their business.
The legal rules on how to divide property in a divorce or death are different for each state. In most states, community property laws dictate that assets acquired during the marriage are equal and that individuals can keep the assets they brought into the relationship. In non-community property states, equitable distribution rules are used, which consider a variety of factors. In a pre-nuptial agreement, both partners can retain certain property to leave to family heirs or to favored charities.
If you have any questions or need a Divorce Attorney, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
