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| Prenuptial
Agreements |
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A prenuptial agreement is a contract between
two people, who as the name suggests, are
about to get married. The agreement spells
out how each person’s assets will be
distributed in the event the other spouse
dies or the couple divorces. The common
misconception is that a person must be rich
before he or she should consider obtaining a
prenup. However, a person who has saved a
couple thousand dollars toward retirement
has just as much to lose, relatively, as
someone who has millions. Actually, you
should consider having a prenup if you are
in any of the following categories:
- You have assets such as a home, stock
or retirement funds;
- Own all or part of a business;
- You may be receiving an inheritance;
- You have children and/or grandchildren
from a previous marriage;
- One of you is much wealthier than the
other;
- One of you will be supporting the
other through college;
- You have loved ones who need to be
taken care of, such as elderly parents;
- You are expecting a big increase in
income.
Contact Kaminsky, Thomas, Wharton, Lovette
& Vigna to discuss whether a prenuptial
agreement is right for you.
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