Statistics show that many people are marrying later in life than their parents, and especially their grandparents. Therefore, the new newlyweds may have substantially more property. Such property can include houses, cars, an inheritance and investment accounts.
My name is Melvin A. Cook and I am a Salt Lake City prenuptial agreement attorney. I make it a priority to protect my clients’ assets. A prenuptial agreement can protect you and your extended family in the event of a marital breakdown. Since I have an MBA and an acute understanding of property issues, I think it is always a good idea to at least think about a marital property agreement.
Everyone with anything they want to keep may need a prenuptial agreement in Salt Lake City. Even though Utah is a common-law state, meaning that assets titled in your name remain yours even upon divorce, the court may still order some division. While I was earning my MBA, my professors always emphasized the need for a good financial plan, regardless of your income level.
Utah follows the Uniform Premarital Agreement Act (UPAA), which has a rather broad view of marital property agreements. Some items to include are:
Some people avoid prenuptial agreements because they believe they destroy the romance in a relationship. This is true, at least to some extent. But the number one cause of marital friction is money. By dealing with financial matters in advance, you can reduce or eliminate that source of conflict and set the stage for a happier marriage.
Even the most well crafted prenuptial agreement is not ironclad. An attorney may use one of the following grounds to challenge a marital property agreement:
Despite any misgivings they may have, my clients are wise to consider a prenuptial agreement. The advantages simply outweigh the disadvantages. Contact the Law Office of Melvin A. Cook at 801.746.5075 or online to schedule your free consultation with a Salt Lake City Postnuptial Agreement Attorney.
When it comes the family law and social security disability, each client and case is different. It is also important to select an attorney with the experience, skills and professionalism required to address your legal issues. To learn more, contact the Salt Lake City law offices of Melvin A. Cook and schedule an initial consultation to discuss your case.