Is an exciting time in your life that you are preparing to marry your significant other. There’s so many different things that are involved when you’re preparing a marriage. There’s the wedding reception, the dress, the food, the living arrangements, and so much more that you were thinking of. Getting married is a big deal, and your lights are about to change a lot. Depending on where you are in your life, there may be a lot of other factors that come into play.
Business Owners
Business owners how to be prepared to be married to someone on another level than someone who doesn’t own a business. Depending on you and your significant other’s relationship and agreements, you may want to keep the business separate from their name. Prenuptial agreements in Franklin County Ohio are common for business owners. If you choose to keep the business solely in your name, for whatever reason you agree upon, a prenuptial agreement can help you do that.
Significant Assets
Depending on how old you are, and where you are in your life, you may have a lot of assets that are very valuable. If there are children from another marriage involved in the new relationship, there are a few things that you may want to do to be sure to protect your children’s inheritance. If you wish to keep inheritance separate from your children, and your new step children, a prenuptial agreement is a great way to do this. Sitting down with an attorney can help you determine what you can do to make sure that the children receive what they learned and what is right for them when the time comes.
Large Debts
As much as we all hate that, it happens. If you were stepping into a new relationship or one of the other has a large sum of debt, it may be something that you want to protect your assets against. There are options for people who are marrying someone who has struggled with debt. A prenuptial agreement can help keep your assets safe from your significant other and new spouse’s debt. A prenuptial agreement will be able to Define what is yours, and what is theirs. Well this can’t protect from having you be held accountable and helpful on some other your spouse’s debts, it can save the assets that you had prior to this.
If you had a lot of assets, if you do not have a prenuptial agreement, they may try to go after Large assets to try and pay off the debt. If you have businesses, Investments, or real estate property, you may want to get a prenuptial agreement to state that it is your properties so that they are not used to pay off your spouse’s debts. If this is your case, you need to sit down with an attorney and really break down what is important and what needs to be done. Each of these cases is different and will need to be addressed individually.