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Huntington, WV 304-519-4354
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Amy M. Levine
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Ruling limits when police can conduct searches without a warrant

When a person is subject to a police investigation in Ohio and the officers want to conduct a search, it can be difficult to know if they need a warrant. In recent years, these types of incidents have been a subject for debate. Understanding the limits under which...

Courts may be wise to reconsider their stance on police dogs

Ohio residents have likely read media stories about large drug seizures being made during vehicle stops after police dogs were alerted to the scent of narcotics, but this kind of reporting may have given law enforcement canines a reputation for reliability that they...

How vehicle accident fault could impact insurance claims

Every state has a law that applies when auto accidents occur, and especially when cases go to court. While most motor vehicle accidents in Ohio with obvious fault evidence are settled beforehand, this is not true in all cases. Insurance companies and claimants often...

Common things couples might overlook during their divorce

A divorcing couple often faces emotional and financial turmoil during the process. Dividing a single household into two futures, even if it is the best decision for both spouses, can cause significant stress and worry. Unfortunately, many couples become overwhelmed...

How to prepare financially for a divorce

Ohio is an equitable property division state, which means that you might be entitled to a majority share of a marital estate in a final divorce settlement. However, even if you are expecting to receive valuable assets as part of such a settlement, you'll still need to...

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Possible Recognition of Parental Alienation Syndrome Controversial

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As Everyone has their own financial personality. Your spending and saving habits may differ greatly from friends and family. According to a 2011 study from Utah State University, married couples who disagree about money issues once a week are twice as likely to divorce than couples who have money conflicts less than once a month.

Experts explain that money disagreements encompass a variety of issues that reach beyond financial matters. These contested discussions involve issues of control, freedom and self-esteem. Furthermore, disputes about money are based on differing views regarding spending and saving, which can vary significantly from person to person.

Finances can be a serious issue for couples. If your financial personality or financial status differs from your partner, you may want to consider a prenuptial agreement before you get married. While few individuals enter a marriage with the anticipation of a divorce, marriages can end. A prenuptial agreement is a legal tool that can help protect you in the event that you separate from your partner.

Prenuptial Agreements: Preventing Financial Problems

If you opt to protect your finances before you get married, there are a few matters that should be contemplated when constructing your prenuptial agreement. Many of these questions will depend on the financial personality of you and your partner.

The following are matters that you should consider before marriage. These issues will help you divide financial responsibilities throughout your relationship:

  • Who will handle the finances in the home?
  • Who will be responsible for tax responsibilities, such as filing or paying taxes?
  • Who will be responsible for rental or mortgage payments?

Your prenuptial agreement should also consider the financial repercussions of a divorce. If you get divorced, what do you want to protect? You should consider the following issues:

  • Do you own a business?
  • Does your partner carry significant financial debt?
  • Do you anticipate a large inheritance?
  • What should be the post-marriage fate of property that you and your spouse owned prior to marriage

In the divorce process, ownership of a business could be split between spouses. This is true even if a business was commenced by only one spouse before the marriage. Therefore, you should evaluate how important it is to keep your company.

Also, without a prenuptial agreement, you could be responsible for part of your partner’s debt – even after marriage. Think about all of the financial responsibilities that your partner has, such as student loan debt. Do you want to be financially liable for this after you separate?

Finally, if you expect a large inheritance or you have property in your name prior to tying the knot, you may want to take steps to protect your wealth and assets.

These are just some of the matters that should be contemplated and addressed in a prenuptial agreement. The construction of a prenuptial agreement will depend largely on what you bring into a marriage.

Ultimately, a prenuptial agreement can help you gain a solid understanding of all assets coming into your marriage. The contract assists with financial planning, and it helps you develop a complete financial picture. Most importantly, the device helps you protect what is important to you.

If you have questions about what should go in your prenuptial agreement, you may want to speak to a knowledgeable family law attorney.

Amy M. Levine
View Profile

Our Latest Blog Posts

Ruling limits when police can conduct searches without a warrant

When a person is subject to a police investigation in Ohio and the officers want to conduct a search, it can be difficult to know if they need a warrant. In recent years, these types of incidents have been a subject for debate. Understanding the limits under which...

Courts may be wise to reconsider their stance on police dogs

Ohio residents have likely read media stories about large drug seizures being made during vehicle stops after police dogs were alerted to the scent of narcotics, but this kind of reporting may have given law enforcement canines a reputation for reliability that they...

How vehicle accident fault could impact insurance claims

Every state has a law that applies when auto accidents occur, and especially when cases go to court. While most motor vehicle accidents in Ohio with obvious fault evidence are settled beforehand, this is not true in all cases. Insurance companies and claimants often...

Common things couples might overlook during their divorce

A divorcing couple often faces emotional and financial turmoil during the process. Dividing a single household into two futures, even if it is the best decision for both spouses, can cause significant stress and worry. Unfortunately, many couples become overwhelmed...

How to prepare financially for a divorce

Ohio is an equitable property division state, which means that you might be entitled to a majority share of a marital estate in a final divorce settlement. However, even if you are expecting to receive valuable assets as part of such a settlement, you'll still need to...

Visit Our Blog

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