When two individuals decide to enter into wedlock, the intention is always to stay united forever. However, due to compelling circumstances and differences in compatibility, many marriages result in divorce and separation. Unfortunately due to the lack of clarity about assets and earnings, couples in Splitsville, often end up filing cases against each other for possession of assets. This is in addition to the alimony proceedings in court. Every prudent approach would be to enter into a prenuptial agreement that will help sort out issues in the event of an unfortunate split.
What can be the terms of a prenuptial agreement
A prenuptial agreement will typically cover all financial aspects. For instance an agreement can actually list out all the assets held individually by each partner prior to the marriage. This will also help individuals to regain possession of those assets in the event of a separation. Find yourself a prenup lawyer Houston to draw up an agreement to lend clarity to the manner in which assets will be possessed by each partner when both of you decide to separate. This lends clarity to the financial aspect of a relationship, and will actually help prevent misunderstanding and long drawn out legal battles.
Clear cut terms of ownership of joint assets
Rather than leaving certain delicate issues for interpretation by a court of law based on the submissions of advocates, it would always be a good idea to spell out the terms of ownership of joint assets very clearly. This will leave no room for ambiguity and will actually help both signatories to the agreement to have a well-established and legally enforceable agreement.
When financial aspects are not clearly spelled out, it leaves room for misinterpretation and assumptions. It is these assumptions and misinterpretations that are the cause of many cases.
Eliminating misunderstandings in live in relationships
In an era where many mature individuals choose to have live in relationships, it is always prudent move to have an agreement that lists out all possessions very clearly. This way when either or both of the partners decide to end the relationship for any reason whatsoever, there will be no room for litigation or allegations. By using the services of a qualified and experienced a lawyer to draw up a proper schedule and agreement which will stand up to scrutiny in a court of law, both partners to the agreement can have a transparent and fulfiling relationship.
Legally possible prenuptial agreements
Prenuptial agreements entered into by two individuals prior to a marriage are legally permissible in a court of law. Such agreements actually permit individual store partition their estate and assets and spell out clearly the assets that will remain with them and the assets that will be jointly held and disposed. Such agreements will actually prevent protracted and long drawn out cases in courts that prevent either or both of the individuals from moving on their lives. By relying on the services of a good lawyer or legal team it is possible to draft an agreement that is customised to specific cases and relationships.
Dennis Relojo is the founder of Psychreg and is also the Editor-in-Chief of Psychreg Journal of Psychology. Aside from PJP, he sits on the editorial boards of peer-reviewed journals, and is a Commissioning Editor for the International Society of Critical Health Psychology. A Graduate Member of the British Psychological Society, Dennis holds a master’s degree in psychology from the University of Hertfordshire. His research interest lies in the intersection of psychology and blogging. You can connect with him through Twitter @DennisRelojo and his website.