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Posted on in Divorce

California family lawyerMost people hear the word “prenup” and automatically assume the worst - that the marriage is destined to fail because one or both of the spouses do not trust each other. However, one of the best reasons to get a prenuptial agreement is not to protect your assets from the other spouse in the case of a divorce, but to protect the other spouse from your mounting debt. To find out more, do not hesitate to reach out to a San Jose prenuptial agreement attorney for answers today.

Debt Is a Growing Problem in America

There are many good reasons to consider a prenuptial contract. For one, it offers peace of mind (for the spouses and their family members) when one spouse is much wealthier than the other. Similarly, if you expect a future inheritance, a prenuptial agreement may be wise. Additionally, it may be a good idea to consider a prenuptial agreement if you are entering a second marriage but want to make sure that your children from your first marriage are left with your property if you pass away. But what about protecting the other spouse from your own financial woes?

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California divorce attorneyA misconception exists that the mere mention of a prenuptial agreement will somehow derail the harmony and happiness of one’s engagement period. The world has changed, however – drastically so. Even twenty years ago, Internet dating was regarded as inauthentic and inferior to meeting “naturally” in a coffee shop, grocery store, or student union. In 2017, we embrace information.

Modern couples can share information about their financial past, present, and future – putting everything in plain sight – and then working a with an experienced Los Gatos, SaratogaCupertino prenuptial agreement attorney to create and give legal effect to a premarital agreement that makes clear the intentions of each party.

When a Significant Wealth Disparity Exists, a Premarital Agreement May Be Wise

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California divorce lawyerIn many cases of divorce in California, it is possible for divorcing spouses to avoid litigation and retain control over decision-making with regard to the division of marital property and establishing of parenting time with children. In some instances, however, it is not possible to reach a fair and mutually agreeable resolution, whether because of anger, resentment, greed, or other conflict-escalating emotions.

In high-asset divorces, particularly, there may disagreements over the division of marital property. In a California divorce, division must abide by the state’s community property law, which determines what constitutes the “marital economic community” in a marriage. If your soon-to-be ex-spouse is arguing for unfair division of marital property, claiming as separate property what is, in fact, the community property of the marriage, turn to an experienced Sunnyvale divorce attorney.

California Is One of Nine Community Property Law States

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California divorce attorneyLove and loyalty are not the only considerations made by couples considering divorce. Beyond issues of emotional, physical, and spiritual well-being, there is the question of wealth. Specifically, how are assets divided when spouses divorce in the state of California?

The answers to this question are complex and bear heavily on related matters of child support, spousal support, and the ownership of real property and personal property. Governing all such inquiries is California’s status as a “community property” state in matters of divorce. An experienced Cupertino divorce attorney will understand precisely how California’s community property laws will apply to the division of assets and liabilities in the event of a marriage’s dissolution.

The Marital Economic Community Is Relevant to a California Divorce

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Posted on in Divorce

California divorce lawyerIf you are going through a divorce in the Santa Clara County and have signed a prenuptial agreement, you may wonder how it will affect your proceedings. In many cases, prenups simplify the divorce process, as these agreements dictate how property will be divided. Property division can be one of the most contentious aspects of divorces.

However, there are many requirements a prenup agreement must meet in order for the court to enforce it in full, as written and signed by the parties. If you seek to invalidate a prenup agreement, it is important to be aware of common mistakes that can be made. If you seek to enforce a prenup agreement, it is critical to identify weaknesses in the agreement and formulate a defense as to why the contract should be enforced.

In general, California follows the Uniform Premarital Agreement Act (UPAA), which is a set of recommended laws adopted individually, in whole or in part, by states across the country. Some of the requirements and prohibitions found in UPAA include:

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