Kroener Hale Law Firm

We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

During these hard and uncertain times, the staff at Kroener Hale Law Firm are still here to serve you. Please contact us at any time to schedule a free 30 minute telephone/skype consultation to discuss your legal needs. We will continue to diligently protect the rights and interests of our clients through these tough times.

Providing The Advice & Guidance You & Your
Family Need To Make Informed Decisions

Providing The Advice & Guidance You & Your Family Need To Make Informed Decisions

When many Ohio residents who are planning to get married hear the term “prenup,” they may immediately assume that prenups are only for those who have significant assets, especially since they can add to the cost of getting married. However, prenuptial agreements can help protect both individuals’ interests in the event that a divorce occurs down the line.

Essentially, when a couple decides to get a divorce, each former spouse will be required to make a list of income, expenses and assets in addition to liability disclosures. If listing all of the assets and liability disclosures is completed before the marriage, there is a possibility that the amount of arguments that may occur during the divorce is significantly reduced. If a couple is intending to get married but has already commingled assets and finances due to cohabitation, the prenuptial agreement gives a chance to determine what belongs to whom while both individuals are in a good place with each other.

It is often recommended that married couples continue to provide disclosures of their assets and debt, especially once the couple begins building careers or starting a family. This prevents large credit card balances, major gambling losses or other debt issues to pile up on an unsuspecting spouse. In the event of a divorce, having the paper trail can help protect the innocent former spouse against the debt.

If a former couple decides to get a divorce but did not sign a prenuptial agreement, even amicable divorces can become difficult, especially if the couple has gained a number of assets or had kids during the course of the marriage. A family law attorney may help a former spouse with dividing up the assets and any debt that resulted from the marriage. Additionally, the attorney may assist with finding assets that the other former spouse attempts to hide if the divorce has become contentious.