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There are numerous occasions and reasons why an individual may want to consider a prenuptial or premarital agreement, and we recommend that you contact us to schedule a consultation. A prenuptial agreement allows an individual to clearly define his/her spousal support obligations and outline how marital property will be divided in a divorce or death, assuming that the premarital agreement is enforceable.
Surprisingly, due to Kentucky's definition of marital property, many individuals may not need a prenuptial agreement since the assets s/he has prior to the marriage may be protected as "non-marital" property already. Louisville, Kentucky family law Attorney Louis P. Winner has drafted numerous prenuptial agreements. He has also had the opportunity to litigate the enforcement of several prenuptial agreements.
However, there are certain areas in a prenuptial agreement that a Kentucky Court cannot be bound. Those areas include child custody, visitation, and child support. In addition, the more sided and unfair a prenuptial agreement is, the easier it is to challenge its enforcement.
No one enters a marriage thinking it will end in divorce. Unfortunately, with the divorce rate hovering at around 50% nationally, preparing for a possible end to a marriage is a realistic, proactive measure. As the old adage states, "It is better to be safe, than sorry."
A prenuptial agreement allows you and your future spouse to determine how you will handle property and asset division in the event of divorce. It can also provide provisions for alimony/spousal support. By determining these factors yourselves, you are much more likely to achieve a mutually satisfactory outcome than if matters are left in the hands of a Judge further down the road, sometimes after months or even years of contentious litigation.
There are cases when prenuptial agreements need to be challenged as they are clearly unconscionable, signed under duress, and/or full disclosure was not provided at the time of signing. Attorney Louis P. Winner has had success at having prenuptial agreements declared unenforceable, which has also led to his ability to draft prenuptial agreements that can withstand future litigation to the extent possible under current Kentucky law.
Contact attorney Louis P. Winner to arrange an appointment to discuss your questions regarding asset protection via a prenuptial agreement.