Wednesday, August 31, 2011

MARRIED CONTRACTS

Why should the laws of the state govern your relationship? While many people view a pre-nup as giving up rights, a pre-marital agreement may in fact give you more power in a relationship.
The laws vary from state to state. Some are community property and others are separate. Some are more favorable to mothers, others to fathers. If you don’t know the laws of your state or may move in the future, consider the fact that the division of assets that may be determined by a court may be unfair- to you or your spouse.
When entering a relationship, discussing your financial future is important. A pre-marital agreement may allow each spouse to put into writing the promises they are making to each other. It may simply state that everything will be split 50/50 or it may state terms if one spouse stays home with the children or is unable to continue working for some reason. Whatever your terms, determining them and putting them into writing can be very healthy in a relationship.

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