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Mongillo Law - Importance of a Prenuptial Agreement

Couples might choose to draw an agreement to avoid any disagreement. A prenup defines the fate of the assets and liabilities in case of divorce or death. A well-written and detailed agreement protects the partners if the marriage does not last. A family law firm like Mongillo Law helps his clients walk away happy from an unhappy marriage.

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Mongillo Law - Importance of a Prenuptial Agreement

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  1. Mongillo Law - Importance of a Prenuptial Agreement

  2. Sometimes love is not enough to last a lifetime. When people get married, they believe they will stay together forever, but fate has a different plan. The love ends, and disputes start. Nobody wants to give up their ego. Sometimes two people decide to end their relationship and move on. During the divorce proceedings, things and feelings can get ugly. Accusations and blames become the flavor of the season.

  3. Couples might choose to draw an agreement to avoid any disagreement. A prenup defines the fate of the assets and liabilities in case of divorce or death. A well-written and detailed agreement protects the partners if the marriage does not last. A family law firm likeMongillo Lawhelps his clients walk away happy from an unhappy marriage.

  4. The reasons why Prenuptial agreements are necessary: Properties are protected: After a divorce, the property gets divided between the partners. When a Prenuptial agreement is not present, the battle of who contributed more begins. Division of property might be unfair to the party who decided to stay home to take care of the family. Prenuptial agreements also help the partners divide the debts they may have built together without the burden falling on one person. Prenuptial agreements can save the parties from other people like grown-up children of the partner or previous partners who might try and take advantage of the situation. 

  5. Avoids disagreement after divorce: There are many decisions that the couple has to make at the time of divorce. Child custody, child support, etc. A Prenuptial agreement has all the clauses regarding the matter. In the absence of a Prenuptial agreement, the couple mutually decides. If the couple fails to reach an agreement, the court steps in. It might be intelligent of the couples to draw a prenup if children from previous marriages are involved. 

  6. Avoid wasting time in court proceedings: The court proceedings take a lot of time. The couples can avoid long court hours by entering into a Prenuptial contract. Couples make their intentions clear by signing and drawing up a Prenuptial contract. Agreements are also better if one partner has lesser money than the other. The agreement may help the partners live a comfortable life after divorce.

  7. A way to know your partner’s intentions: Prenuptial agreement is a step toward a bright future. It encourages conversations between the partners about the future. It shows that the couple has thought about marriage and its consequences. Money matters are discussed at length before they become a problem in the marriage. Children’s inheritance is protected with prenups if the partners decide to separate and marry another person.

  8. Prenuptial agreements are not a beginning of a divorce. It is only how the couple looks at their uncertain future. The couple who draws Prenuptial agreements is far-sighted. Pre-nuptial agreements become necessary when one partner has pre-existing debts or is on the verge of bankruptcy. Prenuptial contracts are a way to safeguard individuals in case of divorce. A Prenuptial agreement is legally binding and accepted in court as evidence. A family lawyer can help the couple is entering into a prenup contract.Contact Leo Mongillo and Get the Most Desirable Skill Setsin a Family Lawyer. SOURCE CREDIT : https://mongillolaw.blogspot.com/2022/05/mongillo-law-importance-of-prenuptial.html

  9. THANK YOU FOR WATCHING

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