Many Connecticut couples choose to get married in the fall and take advantage of the gorgeous foliage. However, it is important that when you are planning your wedding, you also take careful stock of your financial situation and decide whether or not you should have a pre-nuptial agreement.
It is usually a good idea to consider adding a pre-nuptial agreement to your wedding “to-do” list so that you can protect your pre-marital assets. Your retirement account, the home you purchased on your own, the savings account you have built up, the business you built from the ground up – all of these things should be accounted for if you want them to remain solely your property. If you plan in advance, and draft a pre-nuptial agreement, you can not only designate those assets as sole property, but you can also designate any equity accrued, profit made, etc. during the marriage, as your sole property. A pre-nuptial agreement is even more important if you want to keep your income and/or assets accrued in the future as separate property.
If you do not have a pre-nuptial agreement, in many cases your sole pre-marital property will remain yours. However, if you are married a long time, do not have proof that assets were yours prior to the marriage and/or you and your spouse co-mingle funds during the marriage, it could become more complicated.
Many people think that a pre-nuptial agreement has a negative connotation. However, they are widely used now and most people understand that a pre-nuptial agreement actually protects both parties, not just one. It is often an important discussion to have with your soon-to-be-spouse and can set the scene for healthy financial conversations in the future.
Let Wolf & Shore Law Group help you check off another box on your wedding to-do list! Attorneys Kristen Wolf and Shari Shore have over 24 years of combined experience. They have drafted numerous pre-nuptial agreements, and will make sure they protect your assets, and your spouse’s assets.
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