This package is for the negotiation and drafting of a prenuptical agreement.
 
A prenuptial agreement, often referred to as a "prenup," is a legally binding contract entered into by a couple before they get married or enter into a civil union. The purpose of a prenuptial agreement in Texas, as in many other states, is to specify how certain financial and property matters will be handled in the event of a divorce or the death of one of the spouses.
 
While prenuptial agreements can vary in their terms and scope, here are some common purposes and provisions that are typically included in prenuptial agreements in Texas:
 
1. Protecting Separate Property: You can use a prenuptial agreement to clarify which assets and debts each spouse owns separately before marriage, ensuring that they remain separate property and are not subject to division in a divorce. In Texas, property acquired before the marriage is generally considered separate property, but a prenup can provide added protection and clarity.
 
2. Defining Property Division: Texas is a community property state, which means that absent a prenuptial agreement, marital property (everything earned or purchased during the marriage) is typically divided equally between spouses in a divorce. A prenup can specify different arrangements for property division, such as an unequal distribution of assets or debts, based on the couple's preferences.
 
3. Alimony or Spousal Support: A prenuptial agreements can address the issue of spousal support (also known as alimony). They can specify whether alimony will be paid, the amount, and the duration, or they can waive alimony altogether.
 
4. Protection from Each Other's Debts: A prenuptial agreement can protect one spouse from being responsible for the other spouse's pre-existing debts, helping to keep individual financial liabilities separate.
 
5. Business Interests: If one or both spouses own a business, a prenuptial agreement can address how the business will be valued and divided in the event of divorce.
 
6. Clarifying Financial Responsibilities: Prenuptial agreements can outline each spouse's financial responsibilities during the marriage, such as how they will handle joint bank accounts, credit card debts, and other financial matters.
 
It's important to note that prenuptial agreements in Texas, like in other states, must meet certain legal requirements to be enforceable. Both parties should have adequate legal representation, provide full financial disclosure, and enter into the agreement voluntarily and without coercion. Additionally, prenuptial agreements cannot contain provisions that violate public policy or the law.
 
If you are considering a prenuptial agreement in Texas, and you and your potential spouse are in agreement on the agreement, then this is the package for you.