Just a few decades ago, most people in California may have thought that a premarital agreement was only something that celebrities or other people with extensive wealth needed to have. Today, however, more couples who might consider themselves "everyday" people are finding that these contracts can indeed be useful to them.
Many people in California who get married these days have been married before. Whether their first marriage ended via divorce or the death of the other spouse, they may want to take extra care before walking down the aisle a second time, especially if they have children from their first marriage. Many complexities can arise when blending families and one of these includes how a person's estate is split up after they die. Perhaps surprising to some is that a premarital contract may be highly useful in identifying this.
The wedding date is on the calendar, the ceremony plans are well underway and the excitement has fully settled in. At this stage, most California couples would likely ask, what could go wrong? Needless to say, it be difficult to contain one's elated feelings during such big life changes, but there are often details of the marriage process that get left behind. The below information explains the steps of a premarital agreement, as well as the importance of completing these documents.
Divorce is at an all-time high in the United States, and couples are increasingly choosing to tie the knot later on in life—after they’ve accumulated property of some value. With these trends in mind, many couples are treating their nuptials more like a business partnership—with a practical understanding that the relationship may not last forever.