Tag Archives: Prenup

What are the Types of Marital Agreements in Texas?

Texas court divides marital agreements into three types. All three of these agreements are used to characterize each spouse’s property as either separate or community (joint). Generally, they must all be in writing and signed by both spouses. Here are those three types of marital agreements their uses. Types of Marital Agreements in Texas Conversion agreements – If spouses wish to convert separate property into community property, they must sign a conversion agreement. Property such as a house owned prior to marriage, for example, is not automatically community property. Without a conversion agreement, the house would remain separate property. Although, the other spouse may have a right of reimbursement to the community estate for any improvements or appreciation. Couples commonly use these to convert property owed before marriage by one spouse, such as a car, into community property. Partition agreements – If spouses wish to split community property unequally, they can…
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4 Questions to Ask Yourself Before You Get a Prenup

When getting married, thinking about getting a prenup can be the last thing you want to think about. Who wants to think about the possible end to a wedding when it’s just about to begin? Getting a prenup isn’t the same as betting against your marriage. Think of it as an opportunity to openly discuss your finances with your significant other. During that discussion, here are some questions you should ask both your significant other and yourself. Questions to Ask Before Getting a Prenup What are each of our assets? The greater the difference between your assets and those of your partner, the more you may want to consider getting a prenup. But just because neither of you are wealthy does not necessarily mean that you should forego the prenup. Do we both have the same spending habits? Both of you do not need to have the same philosophy when…
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What Most Americans Don’t Understand About Prenuptial Agreement

Despite the fact that as many as half of all marriages end in divorce and many of these divorces seem to end in a financial or legal nightmare, many Americans still haven’t bothered to learn the truth about prenuptial agreement. Many see prenuptial agreement as something that wealthy people do to protect themselves from frivolous relationships that are doomed to fail. They’re wrong. Here is a look at ways that prenuptial agreement can help regular Americans. The Truth about Prenuptial Agreement: It’s NOT a sign of poor faith in the relationship: One of the most common myths about prenups is that it means you don’t believe in your relationship. It’s better to think of them like life insurance. If you buy life insurance for you husband, it doesn’t mean you are planning on something happening to him. It simply means that you want to protect the family if the worst…
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