Informed Pre-Marriage Planning in Tennessee:
No one planning a wedding believes they are heading toward a divorce. However, statistics show a divorce rate of 45% in Tennessee and many of those are the unfortunate results of poor financial decisions within the marriage. Pre-nuptial planning engages you in plans regarding investments, retirement, and day-to-day expenses. Also, pre-nuptial planning will help you address how your family will be cared for in the event of your death.
At LawCare - Family Law Center in Brentwood, Tennessee, our attorneys have significant experience helping couples plan and prepare for the legal commitments that come with the exchange of wedding vows.
Tennessee has numerous laws establishing legal connections between married couples. Inheritance rights, ERISA plans, retirement accounts, and real estate ownership are all affected by the granting of a marriage certificate. We work closely with our clients to protect their current and future interests as they enter into a marriage contract.
Pre-nuptial agreements can be structured in almost any way agreed to by both partners. Often pre-nuptial agreements are used to protect business interests, layout how assets will be distributed if the marriage ends, or protect the interests of children from a previous marriage. Some pre-nuptial agreements have sunset provisions that allow for the protections in the agreement to end if the marriage lasts a specific length of time.
In pre-nuptial planning, you can decide how to protect your retirement or any inheritance you may have, and sometimes we arrange for the parties to keep some or all of their income in separate accounts. A joint account can also be established to share the day-to-day expenses and planning for family vacations. In cases where the parties getting married have children from a prior marriage, it is very important to plan on how the children will be taken care of in the event of the death of one spouse.
Pre-marital planning also allows for the open discussion of assets owned prior to the marriage. Often those assets can be protected in a revocable trust or by other means agreed to by both partners.
Before You Get Married, Contact Us First.
At LawCare - Family Law Center, we are committed to helping Tennessee couples protect their interests before they get married. Our firm can be reached by phone at 615-258-6194, by e-mail, or by filling out the intake form.