When people hear the word prenup, they often think of divorce and the possibility of their marriage failing, which can make them hesitant even to consider getting a prenup. However, the reality is that having a prenup in place is not a sign of distrust or lack of commitment to your partner. A prenuptial agreement can protect both parties’ assets if the worst happens in the marriage.
In Texas, people tend to get married in their mid to late twenties, and those who opt for prenuptial agreements are generally in their early thirties or older. By this age, they often have acquired substantial assets such as homes, stocks, and other valuable properties. In some cases, there may be a possibility that one partner could try to claim property rights or profits that initially weren’t theirs in the event of a divorce. Prenuptial agreements can even protect both partners from complications in case of divorce, such as avoiding taking on your partner’s debts that were acquired throughout your marriage.
Despite the depiction of prenups in the media as exclusively for the rich and famous with tons of money and assets, prenups can protect anyone regardless of income level. Getting a prenup in Texas can still be beneficial even if you don’t own any assets. Here are some examples of what you may want to consider covering in a prenuptial agreement:
While prenups in Texas can cover everything in the Texas Family Code Section 4.003 (a), it is important to keep in mind that prenups cannot:
You can still consider a postnuptial agreement if you didn’t sign a prenup before getting married. This agreement is like a prenup, but it’s signed during the marriage instead. The main difference is that you and your partner may have acquired new assets or property by the time you decide to sign a postnup, whereas, in a prenup, you would be planning for these assets ahead of time. It’s still the same process, just at a different point in time!
You can get started in the prenup process by researching prenup lawyers near you, and engaging with a lawyer in a consultation. However, the difficult part is the cost, with most prenup services costing around $800-$900. However, no need to worry; Texas Legal is here to help! As a non-profit organization, we help our members get access to prenup legal services with affordable monthly or annual premiums. You can get coverage for a prenup/postnup, and find a high-quality attorney through our Online Attorney Finder. We help cover the prenup lawyer’s costs so you can focus on making memories of getting married! If you’re interested in becoming a Texas Legal member, you can check out our plans or join now!
If you are looking to get a prenup* in Texas, or to receive legal protection at an affordable cost in a variety of legal services, contact us today! Protect yourself from life’s unexpected events with Texas Legal by your side.
To understand more about what Texas Legal covers, review our plan benefits, and if you’re ready to receive legal protection, feel free to contact us or sign up for coverage today.
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*The Prenuptial or Postnuptial Agreement benefit under the Preferred and Secure Plan covers representation for a Participant regarding document drafting and review for a premarital agreement (also known as a prenuptial agreement) or marital property agreement (also known as postnuptial agreement) where the Participant is a party to the agreement and no issue in the agreement is contested. For more details regarding benefits, please contact Texas Legal at 1-800-252-9346 or members@texaslegal.org.
