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Marriage is a big step to take for every couple. In fact, there are a lot of factors that you must consider before agreeing to be with someone for the rest of your life. For instance, your financial situation, how many children you want, and if you are both on the same page regarding some sensitive topics.
Another important thing that comes into the picture once a marriage is arranged is the prenuptial agreement under the family law. This is a formal written contract that basically divides each person’s money and assets before a wedding. Some people avoid talking about prenup contracts early in the wedding preparations. However, prenuptial agreement lawyers recommend drafting one for soon-to-be-wed couples, especially if they want to protect each other.
If you are considering getting a prenuptial agreement under family law, Yap Kung Ching & Associates Law can help you. We have experienced lawyers who know the ins and outs of a prenup agreement, ensuring that you and your partner will get the best out of the deal.
Prenuptial Agreements Explained
Getting a prenuptial agreement in the Philippines may cost you some money. Therefore, before calling a lawyer, you must know what you are getting into and why it is essential for you and your partner to do such a thing.
What Is a Prenuptial Agreement?
Prenuptial agreements are written contracts entered into by soon-to-be-wed couples, enabling them to handpick many of the legal rights they acquire upon marrying. In this agreement, they also talk about what will happen when one of them dies or when they separate, as well as how they will divide their individual money and assets.
Is Getting a Prenuptial Agreement Good or Bad?
A prenuptial agreement can be good or bad, depending on how you view it. Some couples see it as a selfish move to protect the wealthier spouse. Hence, it creates a big argument and sometimes even becomes the reason couples postpone their wedding.
Meanwhile, others easily agree to get one as it enables them to take control over their marriage with the guidance of an experienced lawyer. This contract helps them make clear decisions regarding their financial and legal matters while they are in their best state of mind.
Truth be told, nothing is wrong with getting prenuptial agreements under family law. It is the intention of each person behind it that makes the contract good or bad.
Who Needs a Prenuptial Agreement Lawyer?
Everyone about to get married can opt to draft a prenuptial agreement with their lawyer. Some people, however, need it more than others. If you fit into the descriptions in this list, then maybe it is time to consider contacting Yap Kung Ching & Associates Law.
It is not easy to build your own business from scratch. This is why it is only fitting to protect your company and the assets that come with it once you marry someone. In the event of separation, having a prenuptial agreement lessens your problems as you will not have to worry about giving shares or ownership to your spouse.
People With Children From Another Partnership
Parents work hard to be able to provide for their children. If you choose to get married for a second time, make sure to get prenuptial agreements so that you can pass assets to your children from the previous relationship.
Asset or Property Holders
There are some assets or properties that we hold close to our hearts and have sentimental value. During the drafting of a prenuptial agreement, you can agree to keep some assets to yourself and share others that do not have much sentimental attachment to you.
People Who Want To Steer Clear of Debts
You never know what happens before your marriage falls apart. Some people acquire considerable debt, which affects the spouse once they separate. If you want to protect your future, it is best to talk to your partner now and explain why you are taking such steps.
How Can a Prenuptial Agreement Lawyer Help You?
When dealing with legal contracts, it is undeniable that having guidance from lawyers helps clear some things. Here are some things a prenuptial agreement lawyer can do for you:
Ensures You Meet All Requirements
The courts are stringent when considering a prenuptial agreement’s validity. Therefore, you should be able to pass all requirements, disclose all assets in your possession, and relay your income and financial obligations.
It is possible to do research on your own. However, having a lawyer can make this process easier. They already know the state’s laws and have successfully done this multiple times.
Helps You Get a Better Understanding of Legal Terms
No matter how you simplify things, some legal terms are just hard to understand. If you have questions or items you need to clarify, having a lawyer who is one call away is such an advantage. Making mistakes because you are not able to comprehend some parts of the prenuptial agreement is a big hassle once you file it in court.
Keeps Your Agreement Valid
Hiring a lawyer to draft a prenuptial agreement is not required. However, having legal guidance from an experienced professional can strengthen your contract’s validity. Moreover, with a lawyer by your side, you are sure to make the right decisions from start to finish.
Reliable Prenuptial Agreement Services in the Philippines
Dealing with a prenuptial agreement can be challenging and complicated for most couples, especially when it is discussed while making wedding preparations. If you want some legal assistance, Yap Kung Ching & Associate Law is here to provide you with experienced prenuptial lawyers.
With a lawyer by your side, rest assured that you and your partner will benefit from the prenuptial agreement you are doing.
Indeed, love is not enough to make relationships work. Some hard decisions need to be made to protect each other and prepare for the future. Knowing that you must take certain steps to improve your life means that you are mature enough and have mutual respect for each other’s welfare.
This is your sign to draft a prenuptial agreement with your soon-to-be husband or wife. If you need legal assistance, do not hesitate to get in touch with our team of experts.