Prenuptial agreements can be highly useful tools to preserve certain property interests in the event of divorce. More and more couples are utilizing these tools as people see the value in being able to predetermine certain outcomes with respect to property division. Prenuptial agreements can also be useful in predetermining spousal maintenance and other issues as well. When a prenuptial agreement is created in Texas, the creators need to follow certain steps to ensure that everything is done properly. In this post, we will go over these steps, one by one, so readers can have a sense of what this process looks like.
Step 1: Identify Goals / Interests
The first step is to simply identify the goals and interests of the parties involved. If neither of the parties have any goals which might be furthered by a prenuptial agreement, then a prenup won’t even be necessary. Prenups can only be used for specific purposes, they can’t achieve everything. So, for instance, if people want to use prenups to predetermine child support, this can’t be done, because it would be against public policy requiring both parents to support their children.
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