Knoxville Prenuptial Agreement Attorneys
Protect Your Assets in a Tennessee Prenup
While it may not be the most romantic thing to think about when you are planning your wedding, a prenuptial agreement can be an important part of your marriage. This agreement can help you protect your assets, your business, and your children in the event of a divorce.
At Held Law Firm, our Knoxville prenuptial agreement lawyers can help you draft a fair and effective agreement that protects your interests and respects your relationship.
What Is a Prenuptial Agreement?
A prenuptial agreement is a legally binding document that a couple signs before getting married. This agreement outlines how property and assets will be divided if the couple gets a divorce. Prenuptial agreements can also be used to protect children from previous relationships and provide for them in the event of a divorce.
A valid prenuptial agreement will include:
- A full and fair disclosure of each party’s assets and liabilities
- The agreement was entered into voluntarily
- Each party had an opportunity to consult with an attorney
- Any waiver of alimony or spousal support is made knowingly and willingly
It is crucial to work with an experienced prenuptial agreement lawyer in Knoxville to ensure that your agreement is legally binding and enforceable.
What a Prenup Can and Cannot Do
While a prenuptial agreement can provide important protections, there are some things that it cannot do. For example, a prenuptial agreement cannot determine child custody or child support. These decisions will be made by a judge based on the best interests of the child at the time of the divorce.
In addition, a prenuptial agreement cannot be used to encourage or promote divorce. The agreement cannot include any provisions for a financial reward or penalty for getting a divorce or for remaining married. If a judge determines that an agreement encourages divorce, it may be deemed unenforceable.
A prenuptial agreement can also include provisions for the division of marital property, which is property that is acquired during the marriage. However, the agreement cannot dictate the terms of the divorce. If a judge determines that the agreement is unfair, it may be disregarded.
For example, a judge may find that the agreement is unfair if it provides one spouse with all of the assets and leaves the other spouse with all of the marital debts. A judge can also disregard an agreement if one spouse did not fully disclose their assets and liabilities to the other spouse.
Why Do I Need a Prenuptial Agreement?
Many people believe that prenuptial agreements are only for the wealthy. However, anyone can benefit from a prenuptial agreement. This agreement can help you protect your assets, your business, and your children in the event of a divorce.
- Divorce is a common occurrence in America. A prenuptial agreement can help you avoid the financial and emotional stress of a contentious divorce.
- A prenuptial agreement can help you protect your business. Without a prenuptial agreement, your spouse may be entitled to a portion of your business if you get a divorce.
- If you have children from a previous relationship, a prenuptial agreement can help you ensure that they are provided for in the event of a divorce.
- A prenuptial agreement can help you protect your credit. If your spouse has a lot of debt, a prenuptial agreement can help you avoid being responsible for that debt if you get a divorce.
At Held Law Firm, we can help you determine if a prenuptial agreement is right for you and your situation. Our Knoxville prenuptial agreement attorneys have extensive experience and can help you make informed decisions for your future.
Let Us Help You Protect Your Future
Our Knoxville prenuptial agreement lawyers can help you draft a fair and effective agreement that protects your interests and respects your relationship.
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