Ordway Law Group, LLC
Ordway Law Group, LLC
Divorce & Family Law

Prenuptial agreements losing their stigma in Georgia

On Behalf of | Nov 7, 2013 | Prenuptial Agreements |

Even just a few years ago, most middle income couples did not consider signing a prenuptial agreement. Prenuptial agreements were considered something that only wealthy couples needed to protect their wealth in case of divorce. Today, however, even middle income Georgia residents are recognizing the protection that prenuptial agreements can provide.

Some people who are on their second or third marriage want to ensure that their estate remains intact for their children from a previous marriage. Likewise, with many people marrying later in life, some people have acquired more assets that they need to protect, such as real estate and investments. A prenuptial agreement actually allows both parties to feel secure that both families will be taken care of should the new marriage dissolve.

A prenuptial agreement can also be a good way to protect family heirlooms. If a person has anything they want handed down to their children or other family members, those items can be included in the agreement as well. The agreement can even cover a pet that the couple owns together, breaking down who will receive custody of the animal.

Just signing a prenuptial agreement, however, does not mean that an adjustment to the agreement is not necessary after it is signed. Keeping track of assets throughout the course of the marriage is imperative, and any benefits that changed hands can be considered ramifications. Above all, individuals may wish to make sure to disclose all assets beforehand, when the agreement is drawn up, so that an accusation of fraud does not accompany the divorce proceedings.

Georgia couples considering prenuptial agreements could potentially benefit from understanding applicable state laws. By knowing what each party is entitled to, a couple can enter a marriage knowing items that are important to them are secured, should the marriage not work out. With the proper knowledge a couple can be hopeful they can come to an agreement and receive a positive outcome.

Source: Huffington Post, Heading to Divorce Court With a Prenuptial Agreement, Alton Abramowitz, Nov. 4, 2013

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