Wick & Trautwein, LLC
Call Today
Local
970-237-5694
Toll Free
866-686-1410
Broad Based Experienced Legal Help Since 1972

Creative Solutions, Exceptional Results

The law firm of Wick & Trautwein, LLC, has a long history of partnerships with the people and businesses of northern Colorado and southern Wyoming

Prenups: for many, increased popularity across a broad spectrum

"Til death do us part" is a hopeful and even honorable sentiment for couples tying the marital knot who -- at the outset of marriage -- are resolute in their desire to create an enduring union.

Unfortunately, in Colorado and all other states across the country, high hopes of eternal wedded bliss often confront irreconcilable differences that can over time undermine the best of intentions and fatally fracture a marriage.

For increasing numbers of Americans, a well-considered and carefully crafted prenuptial agreement that was negotiated and executed prior to marriage can serve a couple well in a divorce. The stigma once attached to such agreements as marriage breakers in the minds of many people has been largely displaced by a view that a marital contract is predominantly a planning device of high utility.

And, indeed, that is precisely what it is, with a prenup serving to help a couple identify what is important to them in marriage and to account for particular assets -- realty, a business, art, jewelry, inheritances -- in a specific way (please see our April 11, 2013, blog post).

Although the central role that a prenuptial contract can play in the realm of property division is quite clear, many planning experts are now also noting that prenups are being increasingly utilized as estate planning tools. That is especially true for baby boomer couples that are marrying relatively late or for a second or subsequent time.

For many of those people, such an agreement can help protect assets and property brought into a marriage for later use by children from prior marriages.

Unlike a will, a prenup is a legal contract, meaning that its provisions can trump those of a will if a dispute arises. Owing to that potentiality, executed marital contracts and estate planning documents need to be carefully coordinated.

A family law attorney with proven experience in property division matters and the drafting of marital contracts -- both prenuptial and postnuptial agreements -- can answer questions and help a client secure planning goals.

Source: Wall Street Journal, "Prenups and estate planning," Liz Moyer, Nov. 15, 2013

No Comments

Leave a comment
Comment Information
Watch More Videos

We Take Your
Emails Seriously

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Wick & Trautwein, LLC BBB Business Review
FindLaw Network
Firm Locations
Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
Fax: 970-482-8929
Fort Collins Law Office Map
Wick & Trautwein, LLC
513 Big Thompson Ave
Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
Estes Park Law Office Map

Windsor Office
(by appointment only)
421 Main Street
Windsor, CO 80535
Toll Free: 866-686-1410
Map and Directions