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Prenups may help with property division in Texas

Sep 26, 2018 | Family Law

Some people may think that talking about divorce will jinx their marriages, even before the exchanging of vows takes place. However, discussing a prenuptial agreement does not have to mean that discontent is inevitable. If this type of document is not created, especially by those with considerable wealth, it is possible that the property division process could become complicated in the event that divorce does take place.

It was recently reported that singer Justin Bieber chose not to create a prenup with Hailey Baldwin, whom he reportedly recently married. The report also stated that a considerable difference in net worth exists between the two individuals, as Baldwin’s reaches approximately $2 million while Bieber’s is closer to $265 million. Of course, even if Texas residents do not relate to that amount of wealth, creating a prenuptial agreement would still be wise.

This legal document can address how property should be divided in the event of divorce, and it can also address the terms for any alimony payments. However, this document cannot be used to create terms for any possible child support or other child-related aspects of divorce. In general, the document can protect each individual’s assets, but it must also present some fairness.

Property division is often a difficult part of divorce, especially if there are particular marital items drawing contention. A prenuptial agreement can often help lower or prevent some of this contention in order to make the process go more smoothly. If Texas residents are interested in finding out more information on prenuptial agreements or how property division is handled in the state, they may wish to speak with knowledgeable attorneys.