Prenuptial agreements or those signed after an Arkansas couple marries, may not be for everyone. However, rather than default to the position that you don’t need one of these contracts, experienced family law and estate planning attorneys would surely agree that it’s better to sit down for a consultation before making the decision.
Among the questions to consider during such a session is just how granular any such contract should be. If you have few assets and debts, it might be unnecessary to get too detailed. But, if you and your spouse make significantly different amounts in income, it could be helpful to clarify how each of you will be cared for in the event of divorce or a spouse’s death.
Other situations that might prompt a deeper dive into the makeup of your arrangement could include such things as what debts and assets, business and personal, each individual currently has and how they should be handled in the event of death or divorce. If it is anticipated that a windfall from an inheritance is in your future, that might be worth talking about for inclusion in a nuptial contract.
Children can have a big impact on terms in prenuptial agreements, especially in cases where families from previous marriages are blending. By addressing expectations at a deep level now, it can be possible to avoid disputes later. Agreements have a way of mitigating emotional friction. At the same time, if an agreement is not entered into properly from the outset, challenges could be triggered later.
By working with an attorney from the beginning, you stand a better chance of seeing the agreement held enforceable. Learning more is as simple as contacting us at Robertson, Oswalt and Associates.