Don't Make These Critical Mistakes with Your Prenuptial Agreement
As you get ready for the big day, the last thing on your mind is the specter of divorce as you look forward to life with your new spouse. After, there is a deep affection between the two of you. Well, it could be so. However, love alone cannot protect current and future assets you have on the prenuptial agreement asset form, including potential inheritances, valuable personal property and investments, and current real estate holdings. Visit this link for more information.
Protect Assets from Prying Eyes
You may not need to disclose what you own to your spouse when you create and fund an irrevocable trust in privacy. However, courts have invalidated many prenuptial agreements due to a failure to disclose every single asset. Read about Do You Need a Prenuptial Agreement here.
Asset Protection from Legal Challenges in a Divorce
Even though you can protect your wealth with a prenuptial agreement, even partially-informed attorneys can challenge them in a divorce case. However, it is impossible to challenge the validity of a properly funded, implemented, and drafted irrevocable trust. You won’t see anything stronger.
Despite initially agreeing to the documents’ terms, there have been divorce cases of spouses who challenged their prenuptial agreement’s validity to protect wealth. Many of these situations involved millionaires who hired expensive lawyers to guide them. Ultimately, they couldn’t save their prenuptial agreements.