Prenuptial Agreement Lawyer Austin, TX
Why Are Prenuptial Agreements Becoming Increasingly Popular?
It has been widely reported that the Millennial generation is utilizing prenuptial agreements in greater numbers than generations before them traditionally have. This trend begs the question, “Why are prenuptial agreements becoming increasingly popular?” To accurately answer this question, one must examine both the benefits and potential drawbacks of drafting a prenuptial agreement. When making this examination, it’s important to remember that no two couples are exactly alike. One couple’s “benefit” could be viewed as a potential drawback by another couple. Therefore, if this discussion inspires any questions regarding how drafting a prenuptial agreement could potentially benefit (or damage) your relationship and/or your rights as an individual, it’s important to speak with the team at Gray & Becker, P.C. Speaking with an experienced Austin, Texas prenuptial agreement attorney before you make any assumptions about your particular situation is generally a good idea.
The Benefits and Potential Drawbacks of Drafting a Prenup
The major benefits associated with drafting a prenup are numerous. Most famously, a prenup can help to act as an “insurance policy” in the event of divorce. Meaning, if the terms of a couple’s property division are spelled out in a legal and enforceable prenup, each party knows what it will receive in the event that the marriage ends. However, this is arguably not the primary reason why millennials are making this legal instrument more and more popular. When you work with an experienced Austin, TX prenuptial agreement attorney to articulate your needs and expectations in advance of getting married, you begin your married relationship on firm, tested ground. Some may argue that having discussions about your expectations (from finances to social media use) in advance of marriage makes the relationship seem less romantic and more contractual. However, many (if not most) couples view pragmatism as a positive. They want romance and stability. Surprises and healthy expectations. Devotion to one’s partner and self-respect. Depending on how the prenuptial agreement drafting process is approached, it can facilitate every one of these goals.
Legal Guidance Is Available
If you’re interested in learning more about prenuptial agreements and whether drafting one might be the best option for you and your romantic partner, please schedule a consultation with an experienced Austin, TX prenuptial agreement attorney at our firm today. Once we learn more about your specific needs and goals, we’ll be able to advise you of your legal options accordingly. We look forward to speaking with you.
Prenuptial Agreements and Intellectual Property Considerations
Investment of time and energy is not always honored in the ways we hope that it might be. Putting substantial effort into a project at work may not lead to kudos from one’s boss. Sacrificing on behalf of a child’s wellbeing may go unnoticed. And so it goes. It is therefore important to think about the concept of investment before assuming the legal rights and responsibilities associated with marriage. Speaking with a prenuptial agreement lawyer in Austin, Texas may help to ensure that your investment in your partner’s life and in your work prior to marriage are properly honored down the road.
Couples almost always hope that their unions will last until “death do us part.” However, there is a chance that any given union may not. Even spouses who love each other deeply may one day determining that remaining together simply isn’t the healthiest choice. And it is partially for this reason that engaged couples should think long and hard before rejecting the legal tool commonly referred to as a prenuptial agreement.
Working through the process of constructing a prenuptial agreement with the assistance of an Austin, TX prenuptial agreement lawyer can help couples maintain stronger unions over time. After all, investing time and energy in order to outline priorities and expectations in a legally enforceable way compels couples to work through potentially tough issues in advance of marriage, which often helps to build a strong foundation for that relationship. But constructing a prenuptial agreement also helps to ensure that valuable investments, like intellectual property, are safeguarded in certain ways in the event that a union does not ultimately last forever. Both of these goals are important features of the prenup drafting process.
Prenuptial Agreements and Intellectual Property
Consider the investment an individual makes by working to support a romantic partner (either before or during marriage) so that the partner can obtain an advanced degree. Should that investment be honored in the event that divorce occurs and one spouse is left with a valuable degree and the other is left with the memory of sacrifices made?
Consider the investment an individual makes when working to obtain years of knowledge and expertise only to have that knowledge “pay off” in some significant way during a marriage of short duration. Should the other spouse benefit from fully half of the “pay off” despite the fact that most of the intellectual investment that led to a breakthrough was made before the marriage began?
Intellectual property of many kinds may be addressed within prenuptial agreements. It may be to your benefit to discuss this process with an Austin, TX prenuptial agreement lawyer before you wed.
Legal Guidance Is Available
If you have questions about intellectual property generally or prenuptial agreements specifically, please consider scheduling a consultation with an experienced Austin, TX prenuptial agreement lawyer at your convenience. If you are engaged, please consider acting with relative speed, as prenuptial agreements may be treated as invalid if they are drafted and signed too close to your wedding date. Choosing to speak with an Austin, TX prenuptial agreement lawyer as early in your engagement period as possible will give you and your future spouse time and space to consider your legal options and make informed decisions that are right for you both.
Intellectual property can be a uniquely valuable asset. It is important to learn about your legal options and to protect your ideas and creations in the ways that make sense for your situation. Please consider speaking with a member of the legal team at Gray & Becker, P.C. about safeguarding your intellectual property today. Your future self may thank you for taking the time to make this simple, yet potentially consequential, effort.
4 Factors To Consider Before Signing a Prenuptial Agreement
Becoming engaged can be an exciting time in your life. You and your future spouse have your whole future to look forward to as a couple and all of the positive effects marriage can bring. However, it is wise to look at the future from a variety of angles and consider what might happen to your finances and well-being if you and your spouse were to split up. Signing a prenuptial agreement can protect you from this possibility, but there are a few factors you might want to consider before you sign on the dotted line. As a prenuptial agreement lawyer Austin, TX trusts, we, at Gray & Becker, P.C., would like to explain some of these factors. If you have any further questions, please call one of our prenuptial agreement lawyers in Austin, Texas.
- Your Current Financial Situation
Protecting your finances from divorce with a prenup can be a wise choice, especially if you are coming into the marriage with more money or property than your spouse. For example, if you make a good wage at your job and have substantial savings or property, stating your intentions in case of a breakup can guard these in the face of a messy outcome. Future wages that are earned after a marriage ends can also be included in the prenup, with the exception of child support payments, which cannot be limited in any way.
2. Business Ownership
If you or your spouse own a business coming into the relationship, signing a prenuptial agreement can help to protect its future. This can be particularly important if you rely on your business as a sole source of income. As a prenuptial agreement lawyer in Austin, TX might explain to you, while your partner might support or share funds with you over the course of your marriage, if that union ends, he or she may be able to claim ownership of your business unless a prenup is in place.
3. Your Partner’s Requests
Before you sign a prenup, it can be a smart move to read each detail over carefully so you understand your future spouse’s intentions and how he or she views a certain financial point. This may also help you spot red flags, such as if your partner wants you to sign away your rights to any money made through joint business ventures or monetary gifts if the marriage should end. Having a prenuptial agreement lawyer in Austin, TX review a draft of the prenup could also help you understand the ramifications of signing the agreement.
4. Your Prior Marital Status
If you have been divorced previously and have children from that marriage, signing a prenup can protect them and their interests in the future. For instance, you can decree that if your spouse adopts any kids from a former marriage, he or she may not exclude them from any wills or estate planning if the union ends.
Signing a prenup can protect you from an unsure and unforeseeable future. For more information and assistance, contact a local prenuptial agreement lawyer Austin, TX has to offer such as Gray & Becker, P.C.
Social Media Clauses: The New Rage in Prenuptial Agreements
As an Austin, TX prenuptial agreement lawyer from Gray & Becker, P.C. can explain, social media clauses, also known as “social media prenups,” provide protections for those seeking to prevent damning information from being posted about them on the web by a spouse either before, during, and/or following divorce. The American Academy of Matrimonial Lawyers discovered that over 80 percent of divorce attorneys believe that divorce proceedings involving social networking-related issues are on the rise.
In these suits, couples battle it out over sometimes slanderous posts on websites, such as Facebook and Twitter, that are posted to shame or to express anger at another spouse. In an attempt to provide protections against social media assaults from current and former spouses, couples are entering into prenuptial agreements that provide special social media clauses that govern what a spouse can and cannot post about their spouse online.
At Gray & Becker, P.C., each Austin, TX prenuptial agreement lawyer has seen an increase in spouses using social media as a way to get back or embarrass each other and this is why we recommend that all prenuptial agreements contain social media clauses.
The Need for Social Media Prenups
Social media prenups are necessary for a variety of reasons, the primary reason being the need to protect one’s reputation. During divorce proceedings emotions can run high and disgruntled spouses often take to social media pages to air their partner’s dirty laundry and distress over an impending divorce. Some even go so far as to post nude and other compromising photos of their spouse in order to embarrass and shame.
Social media prenups provide a form of legal redress that can be taken against a spouse who uses social media to place their spouse in a negative light. This need for legal redress is significant because, in this digital age, the posting of compromising photos and other media can’t be stopped by simply destroying the physical copy. Nowadays, photos can live on through the internet, and can quickly become outside of the control of the original poster.
A prenuptial agreement lawyer in Austin, TX knows that social media clauses are not just for celebrities and other high-profile people. A social media prenup is for any couple that would like to legally address the expectations they have for how their partner will refer to them on social media websites. Social media prenups are especially relevant for those whose business is focused on their trustworthiness and personal brand.
Unsavory postings about a person by their spouse can have damaging effects on one’s public reputation, regardless of whether what was posted was, in fact, true or had any merit. Social media prenups might not be for every couple, but a discussion about what each party feels comfortable about the other partner posting on social media websites can set verbal parameters that can guide future activity.
The Typical Social Media Prenup Clause
Prenuptial agreements are legally binding documents that govern how both parties to a divorce act and treat one another upon the filing of divorce. A social media clause is one part of a prenuptial agreement and can provide monetary penalties when violated by either spouse.
Common social media clauses include prohibitions against posting nude and/or otherwise compromising photos and other media that could damage the spouse’s reputation. Clauses can be more specific and require agreements not to share, tweet, or post anything about the spouse, their children, and the divorce proceedings on social media websites. Penalties for violating the clause can be extreme, especially for those whose business is reputational-based.
If you are getting married and are considering a prenuptial agreement, it is imperative that you seek the assistance of a skilled prenuptial agreement lawyer Austin, TX clients trust to draft a prenuptial agreement that will protect both you and your future spouse. Contact Gray & Becker, P.C. today to set up a free consultation.