Property division is a critical factor in every divorce, and sometimes it can be one of the most difficult and argument-inducing factors as well. The financial accounts; the money; the property, such as homes or land; the objects, such as furniture and vehicles; all of these things get thrown on the chopping block and the two splitting spouses need to work it out.
Many people across the country have changed their minds about so-called marital contracts in recent years, now fully appreciating their strong utility as planning devices for both soon-to-be and already married partners.
When love is in the air, young couples in Georgia and everywhere else across the country tend to follow its sweet song.
As big of a deal as marital agreements generally seemed to be even a few short years ago, such contracts are much more common -- if not exactly commonplace -- in Georgia and throughout the rest of the country these days.
Most Georgia residents and people elsewhere across the country are well accustomed to perusing, negotiating and executing agreements across a wide spectrum of matters.
OK, you finally got around to signing that contract a few of your friends were constantly reminding you about. It wasn’t that bad -- an online boilerplate document entitled “Prenuptial Agreement” that you and the soon-to-be spouse ran through in about 15 minutes and executed moments ago, just hours before the wedding.
Plenty of anecdotal evidence indicates that people in bygone years and decades rued ever bringing up the topic of a marital contract with their soon-to-be spouse or just-married partner. For years, media stories regularly trashed the idea of a couple executing a prenuptial agreement or postmarital contract, stating that such pacts were like cold water on a fire -- that is, the antithesis of love.
You obviously share a great amount of personal and intimate information prior to marriage with the person you intend to spend the rest of your life with.
In recent years, marital contracts have emerged with greater clarity in the American divorce landscape in Georgia and nationally, with both prenuptial agreements and, to a lesser degree, post-nuptial agreements being increasingly recognized as instruments that can effectively identify and provide for the security of significant assets.