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Recently in Prenuptial Agreements Category

Why Get A Prenuptial Agreement In Texas?

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Some people in the Lone Star state might see the signing of a prenuptial agreement as unromantic, but Texas family law attorneys say that such a contract is a smart way to protect your finances during and after a marriage.

If you're thinking that prenuptial agreements are not traditional, think again! The Economic Times states that prenuptial agreements have been in existence in Europe and Far Eastern countries for thousands of years in some form or another. Prenups used to be most common in royal or rich families in order to protect their wealth and assets.

Texas Family Law Attorneys Recommend Prenup For Business Owners

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If you have a family business and you’re about to get married, it would be a good idea to consider signing a prenuptial agreement with your spouse-to-be. This is because a divorce can be especially complicated when there’s a family business or great deal of money involved.

Delmarva Daily Times states that anybody who owns a business or who is in a position of potential ownership of a business shares that status with a spouse. A prenuptial agreement can ensure that a family business doesn’t end up in the hands of the wrong person in the case of a divorce.

More Couples Saying "I Do" to Prenuptial Agreements

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Reuters reports that prenuptial agreements are no longer just for the rich and famous. A poll conducted by the American Academy of Matrimonial Lawyers (AAML) shows that nearly three quarters of the group's attorneys reported an increase in prenups over the past five years, particularly an increase among women seeking prenup.

Many people might not realize that prenuptial agreements are not only meant to define how assets are to be divided in the case of a divorce. Such an agreement can also provide rules on who gets a family pet in the case of a divorce or what happens if adultery is committed in the marriage. Prenups can even protect a spouse from debt so that he or she isn't responsible for the debt that their partner accumulated before the marriage.

Another celebrity couple have tied the knot in California, but this time around we're seeing smart choices with the bride and groom signing a prenuptial agreement before their wedding day. The New York Post reports that Edmonton Oiler star Mike Comrie and former Disney Channel star Hillary Duff established a pre-marital agreement to protect their assets. In the case of Hilary Duff and Mike Comrie, it seems like they both have a very good reason to do this. Mike Comrie's family reportedly owns the furniture and appliance retailer The Brick, which is worth $500 million. Hillary Duff has also made a lot of money as the star of Disney Channel's Lizzie McGuire. She has also brought in a lot of money and fame through acting gigs, pop albums and a signature fragrance line.

Family Law Attorneys Analyze The Larry King Divorce

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CNN's television personality Larry King filed divorce papers with his current wife last week in Los Angeles, but the San Francisco Chronicle reports that couple may try to work things out in their marriage by attending marriage counseling sessions. Yet, the Larry King divorce papers are still filed.

Larry King's family law attorney said that there's a "50-50 chance that the divorce is not happening." At the age of 76, Larry King has quite a great deal of experience when it comes to divorce. His current wife, Shawn Southwick, is the Larry King's seventh wife. If he and Shawn Southwick split, then it will be Larry King's eighth divorce. This is because Larry King married and divorced one of his wives twice.

Battling Over Pet Custody

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In the case of a divorce or legal separation, Texas animal lovers often have one big question on their mind: "who gets custody of the pets?"

The answer is often debated about between Texas family law attorneys, because unfortunately a judge doesn't usually consider the pet's best interest when deciding who gets the pet. Unlike child custody, animals in Texas are simply treated as property under the law, according to CNN. Like books, electronics or family heirlooms, the pet will be awarded to the person who officially has property rights to the animal. Who paid for the pet? If the animal was adopted, who paid the adoption fees? CNN states that the answers to these questions usually define the ownership.

More Houston Couples Signing Prenup

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Houston family law attorney Jacque Taylor told KIAH News that she used to pull out prenuptial agreement forms for clients about twice a year. But now that number has dramatically increased to about once or twice a month.

A prenuptial agreement is a legal document that is supposed to state who gets what assets in the case of a divorce. FindLaw states that a prenuptial agreement can sometimes be seen as unromantic and that young couples often have difficulties discussing the responsibilities of property rights, debts, and estate planning.

Simon Cowell Looking to Sign Prenuptial Agreement

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The San Diego Union Tribune reports that American Idol judge Simon Cowell is now engaged to the head makeup artist on American Idol, Mezhgan Hussainy. But before the famous television producer walks down the aisle and ties the knot, he demands that a prenuptial agreement is in place.

While many celebrity gossip websites like Popeater have criticized Mr. Cowell's decision to sign a prenup, family law attorneys would say that it's a smart decision for such a wealthy celebrity. After all, the man has a $200 million fortune that should be protected. FindLaw states that a prenuptial agreement, also known as a prenup, can protect separate property in a marriage and can reduce a great deal of conflict in the case of a divorce.

Making A Prenuptial Agreement

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Under Texas law, marriage is considered a contract between a bride and groom, where there are automatic property rights associated for each spouse with that contract. FindLaw reports that each spouse usually has the right to share ownership of property acquired during marriage.

If you're less then satisfied with the idea that you could be sharing your property and belongings with a spouse in the case of a divorce, you may want to consider a prenuptial agreement. A prenuptial agreement, otherwise known as prenup, is a document the groom and the bride sign before getting married so that they can define which belongings are theirs.