Life is nonlinear, and while we may try to plan for and anticipate how things will go, the truth of the matter is that things can and often do change. This is everyone’s first time going through life, and naturally, we hardly doing something perfectly the first time. That being said, outlining how things may be handled prior to marriage or having children can help a couple better understand each other’s’ needs. In today’s blog, your Milford, CT attorneys defines a premarital agreement and discusses what a Connecticut premarital agreement can contain or address.
Rights to Funds and Finances
While it is never anyone’s goal to get married with the intention of ending things in divorce, it is important to recognize that sometimes, the unimaginable might happen. For instance, if a spouse passed unexpectedly in a tragic accident, they would have wanted to ensure their surviving partner was cared for in every possible way. In situations such as these, a Milford, CT attorney may be able to assist with an official premarital agreement.
In the state of Connecticut, a premarital agreement–also known as a prenuptial agreement–is a written contract that both partners voluntarily sign. It can outline various factors such as division of assets and debts, as well as funds and finances overall. You can outline responsibility for debts, and even how retirement funds and life insurance benefits will be handled. To further explore the different fund and finance specifications you can discuss, reach out to our team to set up your consultation today.
Parenting and Children’s Estate Rights
In addition to funds, a premarital agreement can be an excellent tool for outlining responsibilities and parenting decisions when it comes to raising a family. Keep in mind, however, that a premarital agreement cannot contain clauses regarding child custody, child support, or deny spousal support to an excessive extent. A member of our team can help you understand what this means and what it may look like with respect to your matter. Moreover, prenuptial agreements can define terms for spousal support, estates rights, and children’s estates rights.
Handling Disputes
Not everyone likes to argue, and when a dispute arises and partners do not see eye to eye, it is important to have a system in place to address it. A mediation or arbitration clause may be included in your prenuptial agreement as an avenue for pursuing resolution prior to going to court. In enforcing the agreement, independent legal counsel must be obtained by each party and the terms of the agreement should be balanced or fair. Other key elements for enforceability in the state of Connecticut include full financial disclosure, voluntary consent, and proper execution.
Ask Our Team About Your Options
Despite the negative connotation that may accompany the term prenuptial agreement, the legal document itself can be helpful and beneficial for several couples. To learn more or to schedule your free consultation with our team, do not hesitate to reach out to Larracuente & Goulden, LLC in Milford, CT by dialing (203) 951-6688today.
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