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Pre-Marital Agreements for Pocono Couples
Pre-marital agreements, also known as Pre-Nuptual agreements, are not just for the wealthy. As people are getting married later in life or entering into second and third marriages, they are bringing an accumulation of assets into the marriage. While that property is generally not considered to be a marital asset in Pennsylvania, the increase in the value of that property during the marriage is deemed marital.
If you wish to keep your acquired assets separate, or if you have other legal issues that you wish to address before marriage, you and your future spouse can enter into a Pre-Marital or Pre-Nuptial Agreement. For over 30 years, the experienced attorneys at Fisher & Fisher Law Offices have been crafting Pre-Nuptual agreements for clients in Northeast Pennsylvania, including Monroe, Wayne, Pike, Luzerne, Lackawanna, Carbon, and Northampton Counties.
Some reasons for executing a Pre-Nuptual Agreement are as follows:
- One party is significantly wealthier than the other and wishes to protect some or all of those assets
- One party owns or is partner to a family business and wants to protect that business and family members from spousal claims
- One or both parties has children from a previous marriage or relationship and wishes to be certain that assets will pass to them in the event of death
Each party has the opportunity to consult with his or her own attorney when negotiating the agreement. A Pre-Marital Agreement is a binding contract which will dictate the terms of a divorce settlement in the event of a subsequent divorce, and may also address spousal support and alimony. It is vital to use an experienced attorney to avoid mistakes that could render your agreement invalid or fail to accomplish your intentions. Call Fisher & Fisher today for a free Pre-Marital consultation.