Things you MUST figure out before getting married – The legal questions aren’t very sexy, but they’re DEFINITELY necessary. It isn’t exactly romantic, but discussing legal issues before you tie the knot is necessary. “In certain circumstances, the unanswered legal issues could unravel a marriage,” warns Laurie Ruckel, trusts and estates lawyer at Loeb & Loeb in New York City.
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So here, Ruckel provides the legal questions you must discuss before you say “I do.”
1. Do we need a prenuptial agreement?
A prenuptial agreement — meant to specify what each person’s property rights will be after the marriage — is not appropriate for every couple, Ruckel says. But couples in two specific scenarios should absolutely consider obtaining one: Couples in which one partner owns a closely-held business or family enterprise, and couples that anticipate one partner will eventually quit working, perhaps to become a stay at home mother.
“If you own a closely-held family business, you may want to ensure that interest in that business is protected in the event of death or divorce,” Ruckel explains, while couples with plans to include one stay-at-home parent may want to add provisions to “predetermine his or her rights going forward with respect to alimony or maintenance in the event of a divorce.”
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