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April 19, 2024

Prenuptial Agreements: Protecting Old Commitments, Honoring New Promises

Whether it’s a family business, a precious family heirloom, or providing for children from a previous relationship, you may have acquired assets and made financial commitments before meeting that special someone.

If you’ve found the person with whom you want to spend the rest of your life, congratulations! Now that you’re ready to make all the promises associated with marriage, what’s next?
If neither you nor your future spouse wants to limit your ability to pass on heirlooms, real estate, personal property, and other assets to your respective children, family, and friends, a simple estate plan is not enough. You’ll need a prenuptial agreement.

Signing a prenuptial agreement is not indicative of a lack of trust or commitment. Rather, a good prenuptial agreement defines the contractual promises beyond the “I do’s” and allows you and your future spouse to provide for each other on your own terms. Whether you’re in your twenties or your eighties, both you and your significant other are entering this marriage with some financial history. A prenuptial agreement will allow you to set some of your own terms regarding what happens to certain assets, rather than defaulting to state law.

A well-written prenuptial agreement offers you and your future spouse complete disclosure and review of the other’s assets and debts. They are highly customizable and can allow you to accumulate new possessions with–and make genuine gifts to–your spouse, and even provide for your spouse after your death, if you wish. A prenuptial agreement allows you and your partner to enter your marriage with a full heart, open eyes, and the peace of mind that comes with understanding the financial impact of this exciting next step in your life together.

About Wescott Law
At Wescott Law, attorneys Kathrine Lacey and Shawna Bentley have the Family Law experience necessary to help you draft a prenuptial agreement that is right for you. They can also assist with post-nuptial agreements and cohabitation agreements. Wescott Law is dedicated to serving the legal needs of individuals and businesses in the Lakes Region and beyond. Our main office is located in Laconia with satellite locations in Meredith and Plymouth.

April 19, 2024