What Is Kentucky Premarital Agreement? www.mmslawonline.com
While you can find DIY prenuptial agreements online, you really need an
attorney to draft the agreement and to assist during the negotiations. Again,
each party should have his or her own attorney for the entire process. Having
an attorney ensures that the prenuptial agreement does not violate any state or
federal statutes and that both parties are represented and protected during the
process. Hiring an attorney to draft your prenuptial agreement will decrease the
chance that the agreement will be found to be unenforceable by the court.
PROS AND CONS OF PRENUPTIAL AGREEMENTS
Each couple is different; therefore, the pros and cons are typically specific to that
couple’s views, needs and wishes. However, there are a few pros and cons of
prenuptial agreements that attorneys believe applies in most situations.
BENEFITS OF PRENUPTIAL AGREEMENTS
Protects premarital assets, income and inheritance
Protects inheritance for children of a previous marriage
Divides assets and debts fairly because parties are not reacting out of hurt
and anger as they are during a divorce proceeding
Establishes ground rules for finances during the marriage
Opens communication between the parties about how they view money and
finances