Terri Herron Law
Call Us Today To Schedule A Free Consultation
404-692-6487
Make A Payment
Put Your Mind At Ease During life’s toughest transitions, we’re here for you.

Why wealthy families may want to encourage prenups

Parents in some wealthy Georgia families might want their children to draw up prenuptial agreements when they marry. However, children may not always agree with this action. Therefore, it is best if people have this conversation with their children when they are young adults and even teenagers.

Introducing the idea of a prenup long before a future spouse is in the picture makes the prenup about preserving family wealth and not about the particular person. It also gives children the opportunity to learn more about the family wealth. Disclosure is one stage of creating a prenup, and in families where the issue has not been discussed previously, this could be the first time that a child learns about the full extent of the family wealth.

Parents may also be able to frame the conversation as being about preserving wealth for future generations. They may want to remind their children that they want to be sure that their own kids will be able to inherit the family money instead of ex-spouses taking a significant amount of it in a divorce. If parents are unable to persuade their children, they might want to create a trust to protect the assets.

If people who are getting a divorce have a prenuptial agreement, it may make the process of property division less complex. However, prenups are still vulnerable to challenges. If these documents are not prepared correctly or address topics, such as child custody, that are outside the bounds of a prenup, or if one person did not get sufficient legal counsel, they could be declared invalid. If this happens, or if there is no prenup, a couple must either negotiate the division of marital property or proceed to litigation. Some couples prefer to try negotiation first since this gives them more control over the outcome.

No Comments

Leave a comment
Comment Information

Our Newsletter

Subscribe today to receive our newsletter directly in your inbox & receive a link to download our free guide.

Email Us For A Response

Have Questions? Need Help?

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

3348 Peachtree Road Suite 700
Atlanta, GA 30326

Phone: 404-692-6487
Fax: 678-264-2224
Atlanta Law Office Map

Satellite Office
2330 Scenic Highway
Snellville, GA 30078

Phone: 404-692-6487
Fax: 678-264-2224
Map & Directions

3675 Crestwood Pkwy.
Suite 400
Duluth, GA 30096

Phone: 404-692-6487
Fax: 678-264-2224
Map & Directions

555 Sun Valley Dr.
Suite F-2
Roswell, Georgia 30076

Phone: 404-692-6487
Fax: 678-264-2224
Map & Directions

2440 Sandy Plains Road
Building 28
Suite 100
Marietta, GA 30066

Phone: 404-692-6487
Fax: 678-264-2224
Map & Directions