Marriage is an exciting time in the life of a family. The last thing that most people want to hear while they are planning for wedded bliss is discussion around "prenups." However, pre-marital financial planning does not have to be a point of contention in the days leading up to ‘I-Do’. The pre-marital financial planning attorneys at Palmieri Tyler are here to help develop an effective way to protect your future and provide for your family, regardless of what the future brings.
Wealth preservation and financial estate planning should begin early in life. However, the need for premarital financial planning is not limited to young couples. Older couples contemplating marriage often have significant separate assets that should be protected. As part of premarital asset planning, our wealth preservation and estate planning group assist clients in the negotiation and drafting of various types of premarital agreements.
While pre-marital financial planning is a good idea for any new couple, there are some circumstances where it is important to take steps to protect your financial security. Premarital planning may not be the most romantic activity, but if you fall into any of the following categories, it should be a serious consideration before tying the knot.
- High-value assets: While everyone entering a marriage hopes for the "happily ever after," it is important to have a plan for all scenarios. If you have high-value assets or there is a large disparity between the couple's earnings, it's a good idea to talk to a pre-marital financial planning attorney.
- Blended families: Pre-marital planning isn't just about protecting your future; it's about protecting the ' future of your children. If either party has children entering into the union, you need to draft a plan that ensures the financial security of all minor parties.
When you talk to your partner about financial security and pre-marital planning, you may find that you are both on the same page. Contact the experienced pre-martial financial planning attorneys at Palmieri Tyler to learn how we can help.