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Information on Prenuptial and Premarital Agreements in Texas
Presented by a Houston Premarital Agreement Lawyer |
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A Houston prenuptial
agreement is a contract made by two people in contemplation
of being joined in marriage, and outlines many basic provisions
under which two people agree to wed. Some specifics addressed
in a Houston prenuptial agreement are:
- The rights of either person regarding private property
owned prior to being married, including the right to buy,
sell, transfer, control or dispose of that property. Also
included are the terms by which that property may be addressed
if the marriage ends in divorce or if one spouse passes
away.
- The right or elimination of the right to spousal support
in the event the marriage ends in divorce.
- The right to ownership of individual assets prior to
being married, or to the ownership of a death benefit from
a deceased spouse's life insurance policy.
- The right to draft a will, or the right to address or
any other personal obligation that is not in violation of
a criminal statute.
- The right to provide for children or grandchildren from
a previous marriage.
A Houston prenuptial agreement may be entered into by any couple
intending to wed, but they are often practical for middle aged
couples seeking a second or third marriage or younger couples
who have already built a significant individual asset base via
their careers and/or their personal savings.
A Texas premarital agreement must be signed by both parties, and should be notarized before being placed on record in the Official Real Property records of a couple's county of residence.
A Houston premarital agreement, like most any contract, may be amended or terminated by both parties after marriage. Also like most any contract, a Houston premarital agreement may be invalidated if one party can prove they themselves did not enter into it, or if the premarital agreement can be deemed "unconscionable" - as in the case of not fully disclosing one spouse's complete assets or financial obligations at time of signing.
When planning and executing something as essential as a Texas prenuptial agreement, always work with an experienced Houston premarital lawyer who can offer advice on the premarital agreement process and fine tune the agreement to suit your individual needs. Never use a standard form, such as those available online, as these types of blanket agreements may cause more harm than good in the long run.
If you are ready to marry the person who will be your partner
in life, take a moment to draft an agreement that will outline
the practical workings of that partnership. Contact a Houston
prenuptial agreement lawyer at John K. Grubb & Associates,
PC for an appointment to sit down and discuss the financial
elements of your upcoming union. By doing so, you may find the
answers to questions you may not have considered, and benefit
your married relationship by laying a solid bedrock of material
understanding.
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