If you’re getting married in Connecticut and have assets, it’s important to think about protecting them in case of a divorce. Even though Connecticut is not a community property state, you might still lose some of your assets if you owned them before the marriage. One effective way to protect your assets is by creating a prenuptial agreement. This agreement can help you secure your financial interests, especially when it comes to family law & divorce.
Circumstances that would benefit from an agreement
Some people might want an agreement before getting married to protect their own money. For example, if you own a business, any profits you make from that business during your marriage could be seen as part of the shared marital assets. Similarly, if you have family money that gets mixed with your spouse’s finances, it could also be at risk. If you have your own money, it’s smart to think about how to keep it safe.
How a Prenuptial agreement would help
The prenuptial agreement could help define the marital estate ahead of time and set out the terms for how it would be divided. It could specify that certain property such as an inheritance or business would be left out of the marital estate in whole or in part. It will give you protection and peace of mind in the event of a divorce. Many couples avoid discussing this type of agreement before they are married, but not having a prenuptial agreement is a risk if you have money or property.
If you are considering marriage and you have assets in your name, you may want to consult a divorce lawyer before the wedding. The lawyer may help draft and negotiate the prenuptial agreement with the other spouse and their attorney. Having your own lawyer might keep you from having to negotiate directly with the other spouse, so legal help may help make the process easier on both of you.
