For those concerned about protecting assets down the road, pre-marital agreements or “prenups” are a reasonable precaution. When a person marries, often his or her separate property co-mingles with property that is considered community property. This co-mingling can create major complications in the event of divorce.
A prenuptial agreement, antenuptial agreement, or pre-marital agreement, commonly abbreviated to prenup or prenupt, is a binding contract entered into prior to a civil union, marriage or any other agreement prior to the main agreement by the people intending to marry or contract with each other. The content of a prenuptial agreement can vary widely.
Prenups are most popular with people who enter a marriage with large assets. Often these assets are not easily divisible, such as an interest in a family owned business or a large tract of real estate. Though most premarital agreements in Texas are mainly concerned with complex property issues, they can set boundaries on many other issues in a marriage.
We have the experience in creating premarital agreements and addressing the needs of our clients.