Friday, January 20, 2012

Prenuptial Agreements and the Modern Marriage

In the current relationship landscape it has become common place for marriages to not last forever.  Even though no one enters into a marriage thinking that the marriage will not survive the test of time, approximately half of all marriages in the United States will end in divorce.  If you are engaged to be married, I recommend that you discuss the ramifications of a prenuptial agreement with an attorney.  A prenuptial agreement allows for sound financial planning in the event of divorce and will often allow for a less contentious divorce.  In order for the agreement to be valid the agreement must be written, signed by both individuals, notarized and must not be unconscionable.  Unconscionable in this context would mean that the agreement must not place an undue burden on one individual such as to leave one individual destitute or unable to provide for themselves.  It is strongly recommended that an attorney draft the agreement and that each party have the opportunity to discuss the agreement with each individuals' separate counsel. 

If you are engaged and live in Sevier, Cocke, Blount, Jefferson, or Knox Counties, then let the The Law Offices of Andrew E. Farmer assist in protecting your financial future by drafting your prenuptial agreement. 

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