What is a prenup?
Prenup is short for prenuptial agreement. In Colorado we call these marital agreements. There are two types: (1) agreements you make before you get married (premarital) and (2) marital agreements you make after you get married (postmarital). Marital agreements are a tool that you can use to make sure that you decide as much about your assets, your debts, and your life in the case of your death or divorce instead of relying on a court to decide for you.
Do I need a marital agreement?
Most likely yes. Marital agreements are not just for rich people. Having a marital agreement allows you to make choices about your present and future financial assets and debts that would otherwise be made by a judge in a divorce or probate court case. Wouldn't you rather make financial plans for your family when you are in your best moment rather than your worst?
When should I make a marital agreement?
You can make a marital agreement before or after you get married. Most people make marital agreements before they get married but you can make it at any time during your marriage. The only time you cannot make a marital agreement is when you and your partner are contemplating divorce.
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