If you are preparing for marriage, you may want to consider a prenuptial agreement (prenup). A prenuptial agreement is an agreement made by a couple before marriage. The prenup is concerned with the ownership of your respective assets, should the marriage fail.
Do We Need a Prenuptial Agreement?
If you can answer "yes" to one or more of the following questions, then you should consider a prenuptial agreement.
- Do you own real estate?
- Do you own more than $50,000 in assets?
- Do you earn more than $100,000 a year in earned income?
- Do you own any part of a business?
- Do you have more than one year's worth of retirement benefits?
- Do you have employment benefits such as stock options or profit sharing?
- Do you or your partner plan to go to school for an advanced degree, while the other works?
- Does a part of your estate name beneficiaries or heirs other than your partner?
Kliem and Balusek will help guide you through your prenuptial agreement - every step of the way. If you're not sure if you need one, contact us. We'll schedule a consultation and look at your situation and advise you the best course of action.