Division of Assets, Alimony & More
While there are a million things to plan when a couple decides to marry, often the most difficult to discuss with your future partner is the possible need for a prenuptial agreement. While this subject is not the most romantic or exciting part of wedding planning, a couple contemplating marriage in Colorado may need to consider entering into a prenuptial agreement, or a contract before marriage.
Prenuptial agreements are typically signed when one party has, or expects to have, substantial property or income, but this is not always the case. These agreements address property and financial issues in the event of the couple's divorce. Prenuptial agreements can provide reassurance for those who enter into marriage with substantial assets. A spouse who is marrying someone with considerable debt would also benefit from a prenuptial agreement.
Prenuptial agreements can offer peace of mind during marriage regarding what would happen in a divorce, and can minimize hostilities over dividing up the marital property. Given the permanent effects marital agreements can have, both parties should have the agreement drafted and reviewed by an attorney so that all possible consequences are fully understood.