When a couple wants to get a divorce, they will have to go through the equitable distribution process, or the division of assets. In some marriages, usually those where one person has a high net worth, a prenuptial agreement was signed before the marriage was officiated. When the agreement is drafted, the division of assets is pre-determined in the event of a divorce down the road. This simplifies the divorce process in the event that one does occur because the most time consuming part of the divorce has already taken place.
It is important to know that these agreements are only valid if they are created before the marriage began. If not, they can be dismissed in the eyes of the law and you will have to proceed with the equitable distribution process just like anyone else without a prenuptial agreement would have to. Another valuable piece of information to be aware of is that even if you legally have a prenuptial agreement, it does not have an effect on any children that have been born during the course of the marriage. Anything pertaining to the children such as custody or child support payments will have to be determined during the time that the divorce is taking place.
Prenuptial agreements can help you to protect your assets in the event of a divorce. If you are considering creating a prenuptial agreement, it is important to speak with an experienced divorce and family law attorney who can assist you in creating this document.
Judith Goldberg, Esq. is a family law attorney that serves the greater Connecticut area with quality legal services. If you need an attorney to guide you through your legal matter, contact The Law offices of Judith Goldberg today and we would be happy to assist you.