Almost one-half of marriages in the United States end up in divorce. It is far easier identify potential problems in a future marriage, or address the issues in a future divorce, in a prenuptial agreement, than at the time of divorce. If you and your prospective spouse cannot agree on terms in order to make each of you feel comfortable about that the marriage, that is a definite red flag. Moreover, it could indicate that your future spouse may be difficult should a divorce unfortunately become inevitable.
Prenuptial agreements are especially important for professional athletes whom generally have a career that may last only several years. Large incomes over a limited period of time present unique challenges to marital and divorce planning, as well as general financial planning. Other issues such as personal goodwill are far easier to address in a prenuptial agreement than at divorce.
Contrary to popular belief, prenuptial agreements do not only protect the wealthier party. A properly drafted prenuptial agreement may provide both parties protection under Nevada law. This is especially important for the financially dependent spouse when the earning spouse has only a few years of peak income. In Nevada, unlike some states, alimony may be addressed, or even waived in a properly drafted prenuptial agreement.
Not every lawyer is qualified to prepare a prenuptial agreement. Not only is drafting and negotiation experience necessary, but an attorney with significant family court litigation experience is essential. Pecos Law Group has extensive experience in drafting, seeking enforcement, and defending against prenuptial agreements.
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