When a couple decides to get married, they are usually very much in love and have no doubt that their marriage will last a lifetime. It is inevitable, however, that some couples encounter unexpected difficulties during their marriage, which may result in the failure of the marriage. Divorce can be very unsettling both emotionally and financially, especially if the couple are not in agreement, and both spouses often feel upset, angry and anxious about their futures. These feelings are unavoidable, but if a couple has made provisions in advance, the process can be a lot less stressful. Entering in to a marriage agreement is realistic and practical, and can help to avoid some of the stress and complications of divorce.
Draw up a prenuptial or post-marital agreement in Arizona
Different states have different laws in relation to the division of marital property, however in Arizona, any assets or debts that a couple obtain during marriage are considered to be communal property, and is therefore shared jointly by the couple. Any property which either spouse had prior to marriage is considered to belong to the spouse to whom it belonged prior to the marriage. To ensure that this property, known as premarital property, is distributed fairly on divorce, the couple can draw up either a prenuptial or premarital agreement before the marriage takes place, or a post-marital agreement during their marriage.
The process involves both parties fully disclosing any assets or debts that they have, or had prior to the marriage, including their financial accounts, real estate, and personal items. The marriage agreement can make provision for all of these things, as well as income and expenses before or during the marriage, and inheritance in the event of the death of either spouse.
High net worth divorce lawyer in Phoenix
It is important to ensure that you choose a lawyer who will provide excellent quality advice to produce a marriage agreement which is right for you, so that you are both protected in the event of divorce or other marital difficulties. As a Member of Arizona’s Finest Lawyers®, Cantor Law Group in Phoenix has over 70 years combined experience, including a per the Arizona Board of Legal Specialization. Our clients can be completely confident that we are up to date with the law and that we will provide them with an excellent service and a marriage agreement that completely reflects their individual needs. In recognition of our integrity and diligence, we have been AV® Rated by Martindale-Hubbell® and are listed in the bar Register of Pre-Eminent Lawyers®.
Contact us for a free consultation so that we can demonstrate how we will satisfy your individual needs.