As your wedding day closes in, you're sure to have many questions on your mind.
Texas is a community property state, which means that any property attained during the marriage belongs to both spouses. Since inheritance money is considered separate property, there's a good chance your spouse will not be entitled to any of it in the divorce. However, this is not always the case! Factors such as where you host the money and/or how you've spent it could alter who gets what in the divorce.
Given that some experts estimate that almost half of all marriages will end in divorce, couples throughout the country, including Texas, have utilized various tools that make divorces more straightforward. One such popular tool is the prenuptial agreement, but another lesser-known marriage contract is starting to become more popular among married couples - namely, the postnuptial marriage agreement.
Less than ten years ago there was no such thing as divorce insurance. Today, several companies can provide it. This is for real. The intent is to provide for the costs of a divorce including legal bills, of course, but also the numerous attendant expenses associated with separating such as moving, setting up housekeeping and more.
As evidenced by several family law specialists, prenuptials are becoming the norm by society's standards. Contrary to popular belief, a prenuptial agreement does not indicate that there is a lack of trust between partners, or an anticipated divorce on the horizon. In fact, you shouldn't even let a premarital request sap the romance out of your proposal. Taking the time to create a plan for property division in the event of divorce is in essence, one of the smartest business plans you'll ever make, and it can help ensure an amicable split should the unforeseeable occur.