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What would happen if your marriage led to a divorce? You would likely go through a complex asset division process. A divorce can be costly. But a prenuptial agreement could help mitigate costs.
At Herbert Machnik Law Firm, our family law attorneys have extensive knowledge and experience preparing prenuptial agreements. We help families in Kalamazoo, Michigan, communities. Our goal is to protect our client’s future.
A prenuptial agreement is a legal arrangement created by spouses before marriage. The purpose of this document is to inform the process when a marriage ends in divorce. A popular way to use a prenup is to specify how assets and debts are distributed in the event of a divorce. This can speed up the divorce process and make for a more amicable split.
There are specific rules and regulations around prenups. At Herbert Machnik Law Firm, our attorneys can help clients draft their prenup. We can go over all the important details that may need to be considered if there is a divorce.
The main goal of a prenuptial agreement is to establish how assets are split in a divorce. Typically, these assets are obtained before marriage and possible future assets, such as inheritances, business gains and investments. This can also shield people from their spouse’s debts. With a prenup, the divorce process can be much cheaper and faster because many important issues are predetermined.
A prenuptial agreement can protect assets and debts. It can also protect inheritance for children, family property, estate plans, retirement funds and businesses. Couples may also establish future spousal support or educational opportunities with a prenup.
However, there are a few matters that cannot be included in a prenup, such as child custody matters. Couples cannot use a prenup to decide on child custody, support or visitation. If you are seeking child custody and support options, our attorneys can help you.