Trusted Prenup Lawyer Clearfield, UT
Marriage is a wonderful thing between two people and when you’re planning a wedding, prenuptial agreements probably aren’t the first thing on your mind. While they’re not particularly romantic, a prenup is a smart idea, especially in a nation where 41% of first marriages end in divorce.
A prenup lawyer in Clearfield, UT can help prepare your marriage for the worst-case scenario. While, of course, you don’t expect a marriage to end in divorce, a prenup is an incredibly important document should you and your spouse to decide to divorce. It protects both of you and provides a guideline to resolve the most pressing legal issues during separation so you don’t have to go through a painful litigation process.
Our attorneys at Felt Family Law & Mediation have extensive experience both in creating mutually beneficial prenuptial agreements and in providing mediation and legal advice during divorce proceedings. Getting married this year? Congratulations! We recommend you speak to a trusted Clearfield, UT prenup lawyer.
What Is A Prenuptial Agreement?
Also known as a premarital agreement, antenuptial agreement, or prenup, a prenuptial agreement is a legally binding contract for engaged spouses to establish understanding of common marital issues in the event of divorce.
Prenups are vitally important in a legal separation and can save you a lot of money, time, and stress should you and your spouse choose to divorce. Some of the most common terms covered in a prenup include:
- Property division
- Alimony limitations or guidelines
- Child custody arrangements
- Debt allocation
- Specific personal issues
Whether you’re getting married for the first time or the seventh, a prenup is a good idea to protect individual assets and set up a game plan to ease the stress of a divorce. Moreover, if you’ve been married multiple times and have a blended family, a prenup can simplify probate planning, ensuring that assets and insurance benefits go directly to children upon divorce or death, rather than divided up with new step-children. Our prenup lawyers in Clearfield, UT can help with all of this.
Prenuptial Agreements In Utah
Different states have different rules and regulations regarding marriage and prenups. In the state of Utah, all property, assets and debts acquired through the marriage becomes marital property and can be divided equitably upon divorce. A prenup provides language that clarifies separate property and marital property, so that one spouse may protect specific assets, like a vacation house, that they don’t wish to surrender in a divorce.
Utah also has specific requirements regarding alimony, in that if a prenup restricts alimony in a way that makes a would-be recipient eligible for public assistance after divorce, the other party must pay enough support to prevent that eligibility.
Prenups are complicated, but important, which is why you need legal assistance in creating one.
Contact Our Prenup Lawyer Clearfield, UT
Prenuptial agreements are not about leaving one party with all of the assets and the other destitute. They exist to give both parties rights to their own assets and establish guidelines for future childcare and legal interaction. They provide valuable protection for both parties in the event of divorce.
Whether you’re entering your first marriage or you’re getting re-married, it’s worth exploring a prenup agreement. Contact our Clearfield, UT prenup lawyer at Felt Family Law & Mediation to explore your options and start working on an agreement.
Preserving Your Business Assets In A Divorce Settlement
When facing a divorce, business owners often worry about how to protect their hard-earned assets. If you’re in this situation, consulting our Clearfield, UT prenup lawyer can be essential to maintaining your financial stability. Having been in business since 2016, Jonathan Felt at Felt Family Law & Mediation has extensive experience helping clients secure their business interests during divorce proceedings. With our knowledgeable attorney offering a client-focused approach, you can take proactive steps to safeguard what you’ve built.
Drafting Pre- And Postnuptial Agreements
Going through a divorce can be challenging enough on its own, but it can be even more difficult without the proper prenuptial agreement in place. A well-drafted agreement created with the guidance of our prenuptial agreement attorney can clearly outline the ownership of business (and personal) assets in the event of a divorce. If you established your business before getting married, having a prenup in place can be particularly valuable.
If you didn’t create a prenuptial agreement before marriage, a postnuptial agreement can offer similar protections. Working with our marriage contract lawyer to draft a legally sound postnuptial agreement can help clarify ownership rights and prevent disputes if your marriage ends. It’s never too late to take steps to protect your business.
Valuation Of Business Assets
Accurate business valuation is a critical step during divorce proceedings. Knowing your company’s worth ensures a fair division of assets. We collaborate with reputable financial professionals to provide precise valuations for business assets, helping you avoid costly mistakes during a divorce.
Keeping personal and business finances separate is essential when preserving your business assets. Mixing these finances can complicate property division and increase the risk of losing part of your business during a divorce. Our Clearfield prenup lawyer can help you organize your financial records to strengthen your case.
Reviewing Shareholder Agreements
If you own a business with partners, reviewing your shareholder agreements is crucial. These agreements often contain provisions that address ownership changes in the event of a divorce. Our prenup consultation lawyer can help you update these agreements to reinforce your business interests.
Additionally, it’s essential to verify that your shareholder agreements include clear buyout provisions and restrictions on transferring ownership. Without these safeguards, your spouse could claim a portion of your business interests during the divorce, causing unnecessary complications. We can help you revise your agreements to provide the most robust protection possible.
Social Media And Your Divorce Case
It’s easy to overlook how social media activity can impact your divorce case—in fact, sharing too much personal information during a divorce is one of the common mistakes we see with our clients. Posts about finances, business activities, or even personal grievances can be used against you in court. Maintaining privacy and being mindful of what you share online is essential during this sensitive time.
It’s wise to review your privacy settings and limit your online activity until your divorce is finalized. Even seemingly harmless posts can be misinterpreted and used to challenge your credibility or intentions. We can guide you through best practices for handling social media throughout your divorce case, helping you avoid pitfalls that could negatively affect your settlement.
Legal Representation Matters
At Felt Family Law & Mediation, we pride ourselves on providing compassionate, experienced legal representation. We understand the unique challenges business owners face during divorce proceedings. With our background in family law and dedication to protecting our clients’ interests, you can feel confident in our ability to guide you through the process. If you’re searching for a Clearfield prenup lawyer, we’re here to help. Contact us today to discuss your options and start planning for a secure future.
