SKILLED IN PRENUPTIAL AGREEMENTS
When a couple is planning to get married, the last thing that they are likely thinking about is a prenuptial agreement; instead, most couples are probably focused on the romance of marriage, the colors for the wedding, and how they’ll possibly afford all of the food and drink that they’re ordering for their many wedding guests.
But thinking about a prenuptial agreement is just as important as planning a wedding or thinking about life after marriage. In fact, a prenuptial agreement can even be a tool that makes a relationship stronger. At the law offices of Groth & Associates, our Toledo prenup lawyers can help you to understand the benefits of a prenuptial agreement and form an agreement with your soon-to-be spouse that works for you both.
WHAT IS A PRENUPTIAL AGREEMENT?
A prenuptial agreement is a legal contract between you and your future spouse that outlines exactly how issues–primarily financial issues–will be addressed in the event of a separation, divorce, or death of either party. The agreement may also address financial issues that will arise during the course of the marriage, such as how investments will be made and by whom.
A couple who does not seek a prenuptial agreement may consider a post-nuptial agreement. This is similar to a prenuptial agreement except for the fact that the agreement is formed after, rather than before, a marriage.
ISSUES ADDRESSED IN A PRENUPTIAL AGREEMENT
As stated above, a prenuptial agreement is primarily used to address financial issues in a marriage and, in certain events, post-marriage. Common matters that will be addressed in a prenuptial agreement include:
- How property will be divided in the event of a divorce;
- How children from a previous marriage will be provided for;
- What will become of a family business;
- Whether or not alimony/spousal support will be part of the divorce settlement;
- How money will be managed during the course of the marriage, including who will have the power to buy/sell real estate, make investments, etc.;
- How family heirlooms will be divided in a divorce or in the event of death; and more.
Prenuptial agreements cannot be used to create any provisions that are unconscionable, nor can they be used to address child custody or child support.
WORDS FROM OUR CLIENTS
Our experience with Attorney Stevin Groth was nothing short of life changing.ALFRED & JENNIFER
When we first contacted Mr. Groth, he gave us his cell phone number and we were able to directly contact him day or night. His knowledge of the Ohio judicial system was astounding. He handled all aspects of our case himself, never once handing off our case to jr. associates. Stevin had positive relationships with all the judges, district attorneys and court personal that we came in contact with. Stevin’s persuasive arguments on our son’s behalf cleared him of all charges. Because of Stevin’s abilities, our son is able to move forward with his life without the stigma of a criminal record. We could not recommend Stevin Groth more highly.
Dan is an amazing attorney. He had my divorce finalized in a short period of time. A lot quicker than I thought it was going to be and for that I’m thankful! Dan knew exactly what he was talking about. Any questions I had Dan, and his assistant, Michelle was glad to answer. The outcome of my divorce was exactly what I was hoping for.LAURIE
Thank You Dan for your services!
Allison Lawrence is the best lawyer I have hired.she was attentive when I presented my case to her & knew exactly how to handle it.very professional person when it comes to her job,also a humanitarian.Allison has given me great advice in a free consultation,as well as stood by side in court with chargers pending,of course she got the charges dismissed!!Great attorney,very dependable.in need of a lawyer,I highly recommend Allison Lawrence.RONNIE
BENEFITS OF A PRENUPTIAL AGREEMENT
While you may be thinking that a prenuptial agreement is very unromantic, the truth is that a prenuptial agreement can actually be very advantageous to a couple. In fact, just forming a prenuptial agreement forces you and your soon-to-be spouse to have a conversation about sensitive financial issues and to reach a compromise – this is a great skill to have as you embark on your marriage. In addition to practicing your communication skills, a prenuptial agreement can also be useful because it:
- Protects each party from the other’s debts;
- Ensures that family heirlooms and businesses are protected;
- Helps to alleviate conflict at the time of a divorce, as issues will have already been determined and therefore litigation will not be necessary;
- Provides each party with a clear understanding of the finances of the marriage; and
- Eliminates the risk of extraordinary high alimony payments.
Of course, whether or not you and your spouse decide to form a premarital agreement is entirely personal, but there is no doubt that there can be myriad benefits of doing so.
WHO SHOULD CONSIDER A PRENUPTIAL AGREEMENT?
Creating a prenuptial agreement is a very personal choice. For many who are not millionaires, thinking about a prenuptial agreement may feel inconsequential – what’s the purpose of forming one as a non-high-asset individual?
The truth is that a prenuptial agreement can be beneficial to nearly anyone, especially those who wish to mitigate conflict in the event of a death or divorce, or those who want to protect their property or protect themselves from their spouse’s debts. If you’re on the fence about whether or not a prenuptial agreement is a smart idea for you and your future spouse, it’s smart to consult with a financial professional or/and a lawyer.
DO I NEED A TOLEDO PRENUP LAWYER TO FORM A PRENUPTIAL AGREEMENT?
If you are going to form a prenuptial agreement, you should absolutely not do so without proper legal representation. This is because the room for error is great, and making a mistake when forming your prenuptial agreement or misunderstanding a single point could be costly down the line. Instead, you should work with a qualified lawyer who can assist you in:
- Disclosing your finances;
- Determining what elements you want your prenuptial agreement to address;
- Drafting your prenuptial agreement;
- Representing you during any negotiations with your spouse;
- Reviewing your prenuptial agreement; and
- Ensuring that the prenuptial agreement is valid and enforceable.
ASSISTANCE IN ENFORCING A PRENUPTIAL AGREEMENT
In addition to the creation of a prenuptial agreement, our lawyers can also assist with the enforcement of a prenuptial agreement at the time of a separation/divorce. Note that just because you have a prenuptial agreement does not mean that it will be upheld by the court; if the court finds that there are unconscionable provisions or that the agreement was entered fraudulently or while one party was under duress, it may be rendered invalid. Our lawyers can help you to prove the validity of a prenuptial agreement and ensure it is upheld by a court at the time of your divorce.
CALL OUR TOLEDO PRENUP LAWYERS TODAY
Marriage can be complicated, and finances are one of the most complicated elements of merging your life with another’s. To help you form a clear picture and clear expectations, avoid conflict in a divorce, and protect your assets, you need a prenuptial agreement. At the law offices of Groth & Associates, our Toledo prenup attorneys can assist you. We have experience creating valid and enforceable prenups and are prepared to offer you the effective legal counsel you require. Please call our legal team today or send us a message to schedule your first appointment and start the process.