Pre-Marital Planning

Nobody Expects to Be Sued

The investment in preparing your marriage foundation with proper legal planning can save a heartache if the marriage fails or when one spouse dies.

Planning for a Marriage is a big ordeal with many details to attend to. With all of the excitement, the last thing a happy couple wants to think about is the possibility that the marriage could end up in divorce. But sometimes, despite all best efforts, a marriage does fail. Here in California the divorce rate is almost 60%.

Whether this is your first marriage or second marriage, if you are entering the marriage with any assets, it is wise to consider premarital planning.

スケジュール帳と結婚式

To prenup or not to prenup? That is the question. Either way, having a separate property trust is important to consider prior to marriage, especially if one or both spouses are coming into the marriage with assets of their own.

Premarital planning isn’t just about creating a California premarital agreement, although that is certainly one strategy to consider. Premarital planning goes hand in hand with estate planning, because other strategies involve setting up a separate property trust to segregate property that a spouse enters the marriage with. It may even provide the couple with asset protection that can give them both peace of mind.

Really, Premarital planning is about being proactive in getting your legal and financial house in order. Couples are able to talk about financial issues and establish guidelines so as to avoid future financial misunderstandings.

If you are in a second marriage, or if either you or your spouse has children from a prior marriage, it is particularly important for you to have a solid estate plan.

男女と家の模型

At Morgan Law Group we are experienced with this type of “blended family” planning and sensitive to the issues that it raises.

For example, in families with children from prior relationships, or if you and your spouse have different beneficiaries, your estate planning goals may conflict. The creation of a revocable living trust will help to ensure that your wishes are carried out and that your children and other loved ones are protected.

Contact Us or Book a Call to discuss your specific needs and next best step.

We also recommend you attend one of our educational talks on Estate Planning.

Ready to learn more?

Contact us or Book a Call to speak with us directly about your next best step.

IMG-0025
10.0Darlynn Campbell Morgan
superlawyers
images
WIB-Badge-NOMINEE
wealthcounsel-logo