Prenuptial Agreement

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Prenuptial Agreement

This is the reason the majority of people create and sign a prenuptial agreement. In community property states — Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington or Wisconsin (Alaska is opt-in) – the law says that, without a prenuptial agreement, you and your spouse share assets, property and debts equally regardless of whose name is on titles, registrations or deeds. That can mean big financial loss if your spouse didn’t contribute as much to the marriage monetarily as you did. In separate property states where the law says you own most non-joint assets and debts in your name, a prenuptial agreement can create a more even division of property and assets. Prenuptial agreements also can ensure your spouse doesn’t get family heirlooms, and they define clearly what you and your spouse consider marital and separate property
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