The Significance of A Prenuptial Agreement in Property Division
Posted on Oct 31, 2013 12:00am PDT
Marital property are the assets obtained by both spouses during marriage.
When it comes to divorce in Georgia, Georgia, however, marital properties
are subject to property division. In divorce cases, property division
is the most important task to be settled by both divorcing parties. Because
money, assets and liquidated properties are subject to be divided in property
division, most spouses will do anything to obtain a favorable settlement.
Unfortunately, it doesn't always work out the way they would like it
to work out. Many people protect their assets by means of a prenuptial
agreement. In fact, a new survey announced by the American Academy of
Matrimonial Lawyers stated that there has been an increasing number of
people drafting prenuptial agreements over the past three years. According
to sources, 63 percent of the divorce attorneys have noticed this trend.
Of these numbers, women accounted for 46 percent of those who draft prenuptial
The president of the AAML noted that the rising trend of prenuptial agreements
is not surprising because the real estate and financial markets are improving.
The survey confirmed that the common divorce legal issues covered in prenuptial
agreements include alimony and protection of separate property.
Additionally, a similar survey regarding the trend of prenuptial agreements
has also been revealed. A 2010 poll conducted by Harris Interactive stated
that 49 percent of divorced people thought that having a prenuptial agreement
was a good idea while 15 percent of divorced spouses regretted not having one.
A prenuptial agreement may be an effective way to exempt a spouse's
assets and properties from property division. The asset protection that
a prenuptial agreement can provide may also help Georgia spouses secure
their financial well-being. With a prenuptial agreement, the divorce proceeding,
particularly property division can be settled amicably and less stressfully.