Protecting Your Assets Before You Are Married:

As is often the case, many people are marrying later in life or are embarking a second marriage. In such a circumstance a prenuptial agreement (also known as an antenuptial agreement) is often a good idea. A prenuptial agreement should be considered in the following circumstances:

  • One party has a child or children from a prior relationship.
  • One party has, prior to marriage, accumulated significant financial assets e.g. retirement assets, investments or other individual property.
  • One party brings to the marriage an ownership interest in a professional practice or closely held company, or is a partner in a business or professional association. A prenup will assist in protecting the business interests for future generations.

Entering into a prenuptial agreement before marriage allows the parties to address how they intend to treat their respective property interests before they make their vows. Furthermore, a prenuptial agreement also addresses the parties’ respective spousal rights under Ohio’s intestacy laws should one of the parties die during the marriage. This is very important, especially when one or both of parties have children (potential heirs at law) from a prior marriage.

Two critical elements in preparing a prenuptial agreement are full disclosure of assets and accurate valuation of those assets. As your law firm, we will carefully examine all financial statements and account histories ensuring that all assets are accurately represented and that the terms of the agreement comply with Ohio law.

If you are engaged or are considering marriage and would like to discuss the benefits of a prenuptial agreement, please call (614) 461-5708 or e-mail my Columbus, Ohio, law firm for a free consultation. I accept credit cards, and I can meet with my clients at out-of-office locations on evenings and weekends. As your law firm, I will see that you have all of the information you need to make good decisions and proceed with confidence.