Marriage is an exciting step that signifies a new chapter in life. To many, getting married means discussing how you and your spouse will begin to merge your two lives together. Oftentimes, this includes discussing the possibility of a marital agreement. In a recent survey from the American Academy of Matrimonial Lawyers, 63% of divorce attorneys said they have seen an increase in the number of prenuptial agreements drafted in recent years, mostly amongst millennials.
Whether you are entering into a marriage or are already married, you might be trying to figure out if a prenuptial or postnuptial agreement is worth considering. If either you or your spouse has children or assets that you want to protect, a prenuptial or a postnuptial agreement might be the right decision for you.
The Scholl Law Firm works with individuals and families across Little Rock, Arkansas, and Conway on a variety of different family law matters, including prenuptial and postnuptial agreements. With over 20 years of experience, attorney Scott A. Scholl can provide you with reliable legal counsel and guidance. Call or reach out today to schedule your own case consultation.
Prenuptial & Postnuptial
Agreements in Arkansas
If you are looking into a prenuptial or postnuptial agreement, you may have a few questions about what they are and how they can benefit your marriage. Some of the most common questions that often come to mind include:
What Do They Cover?
Marital agreements exist for the purposes of asset protection. Having a marital agreement in place can allow you and your spouse to decide exactly how your property and assets will be handled in the event that the marriage fails. If that day ever comes, the marital agreement dictates explicitly what is marital property and what is separate, and how those assets get divided. It also can dictate each spouses’ rights and obligations after the marriage ends.
If you have children from a previous relationship, a marital agreement can ensure that those children inherit certain assets and property. A marital agreement can also ensure that, in the case of divorce, your spouse’s debt remains with them.