Married couples who have prenuptial agreements can essentially override divorce laws in Pennsylvania. The agreement itself will determine what a spouse will be able to keep or would have to part with in the event that a marriage comes to an end. These agreements can be especially beneficial for someone who may have more money or other assets than their spouse.
Prenups can also be helpful for spouses who don’t make a lot of money or stay home to run the household. This is because a prenuptial agreement can stipulate how much financial support that person will receive if the marriage ends. If one spouse has debt or a hard time managing money in general, a prenuptial agreement can prevent the other partner from being responsible for that person’s mistakes. In a divorce, parents will need to create a child custody arrangement.
However, a prenuptial agreement can also determine what happens to pets in the event of a divorce. An entrepreneur may want to stipulate what happens to their business if the marriage doesn’t work out. To ensure that the agreement is valid, each person should take a copy of the agreement to their own lawyer. Additionally, it may be necessary to disclose financial assets prior to the agreement going into effect.
A prenuptial agreement can make it easier to resolve issues such as property division, who gets alimony and how long payments will last. It may be a good idea to consult with an attorney prior to the agreement going into effect. This could make it possible to determine if the agreement is in a client’s best interest and if it would hold up in court.
