What are the common reasons for a pre-nuptial agreement?

Pre-nuptial agreements are used to clearly outline expectations and responsibilities for each party in the event the marriage ends in a divorce. Common reasons for pre-nuptial agreements include:

  • Identifying separate property before marriage to keep it from becoming communal
  • To preserve inheritances of children from prior marriages
  • To establish pre-determined spousal support or alimony

Pre-nuptial agreements are often utilized in marriages where there is a large wealth discrepancy between parties or when both individuals have a vast amount of assets and properties. However, no matter your income level, if you think you want a pre-nuptial agreement, call Kendall Gkikas & Mitchell, LLP today to discuss your options.