Strategic Prenuptial Agreement Attorney In Burbank, California
According to the American Academy of Matrimonial Attorneys, prenuptial agreements between Millennials are on the rise, and for several very good reasons. At Whitmarsh Family Law, our prenuptial agreement attorney in Burbank, California knows that constructing a financial agreement — either before marriage in a prenuptial agreement or after the vows have been said in a postnuptial agreement — can prepare both parties for financial success going forward, no matter your age.
The idea of creating a prenuptial or postnuptial agreement often had a negative connotation, as if the couple was preparing for a divorce before their lives together had even begun. In reality, nothing could be further from the truth, and our experienced Los Angeles County family law attorney can explain why.
Why Do People Sign Prenuptial Agreements In Burbank, California?
As an experienced Burbank prenuptial agreements attorney, our law firm focuses on our clients’ complete needs, and with the popularity of prenuptial and postnuptial agreements becoming more common, Burbank residents are beginning to understand the importance of protecting their financial interests.
When it comes to Millennials, their interests in prenuptial agreements stem from prolonging their independence, which can include moving for a coveted career position while delaying the notion that there is a timeline to creating a family. The longer Millennials wait to marry, the more wealth they accumulate. However, most career-focused singles are also bringing increased financial obligations to the relationship in the form of student loan debt.
It is important to know that people sign prenuptial and postnuptial agreements in Burbank and throughout California to not only preserve their financial assets but to avoid taking on their partner’s substantial debt.
Other financial interests that can be arranged with a Burbank prenuptial agreement can include, but are not limited to:
- Outlining all debts, including credit cards, tax liens, and student or personal loans
- Separate property brought to the marriage individually
- Community property, and how it would be divided
- Inheritance rights
- Stock portfolios
- 401(k) accounts
- Retirement benefits and pensions
While prenups may be less than romantic conversation, they are an efficient way to protect your financial interests and any property obtained before and during the marriage. They may also include voluntary provisions for spousal support in cases where one spouse has left work to become the primary caregiver in the home. Or if the couple does not want to leave such decisions up to the courts, in the event a divorce does occur.
Understand The Intelligence Behind Designing a Prenuptial Agreement In Burbank, California: Call Whitmarsh Family Law Today
If you engaged or even already married, and are interested in understanding the science and intelligence behind prenuptial and postnuptial agreements, contact our experienced Burbank prenuptial agreements lawyers at Whitmarsh Family Law today at (310) 552-3505 to schedule a free consultation. Planning for your future together should start with full financial disclosure by both parties, so everyone is on the same page going forward. Financial surprises can be detrimental to your relationship, and prenuptial and postnuptial agreements can ensure the unknown does not interrupt to your marriage.