O'Donnell Law Center : Lake of the Ozarks

A prenuptial agreement comes with a negative stigma and it shouldn’t. There are a number of benefits that protect both parties involved in the marriage. Our attorney in Camden County, MO wants to help shake that negative image prenuptial agreements often carry. We’re pointing out some of the reasons establishing a prenuptial agreement near the Lake of the Ozarks can be beneficial to you as you enter into marriage. Protect Non-marital Assets. When one person in a marriage brings significantly more assets into the marriage than the other, like a house or a growing retirement account, problems dividing them up can emerge if the marriage ends. It’s best to decide in advance how any increase in the value of these assets will be divided, and if they are not going to be divided, to protect them with a prenuptial agreement. Having a prenup in place can also pre-determine any maintenance, formerly known as “alimony” that will be paid out in the event of a divorce. Having these details ag...

If you're one of the hundreds of couples to have gotten engaged over the holidays, chances are you are already knee-deep in the wedding planning process. There is much to discuss - how many guests you want to invite, where you want to get married, whom to have in your bridal party, and countless other details must be attended to. Of course, planning the wedding itself isn't the only task ahead of couples planning to get married. O'Donnell Law Center is here to remind you of another important task to address as you prepare to enter into a new marriage. Building A Prenuptial Agreement If you are getting married in the near future, consider establishing a prenuptial agreement. This agreement sets the basic ground rules for which of your assets and liabilities will be shared and which will be kept separate. It helps outline how assets and liabilities will be divided in the event of a divorce, which can be especially valuable in relationships where one of the spouses...

There are few times in a person's life as romantic as planning a wedding. Once you've gotten engaged to the man/woman of your dreams, your life may seem like a whirlwind of planning and excitement. Amidst all of this excitement, however, it is important to dedicate some time and attention to one slightly less romantic (but equally critical) part of the process: building a prenuptial agreement . Understanding The Importance Of A Prenuptial Agreement Barring certain unusual circumstances, no newlywed couple thinks their marriage will end in divorce. Since the U.S. divorce rate continues to hover around fifty percent, however, the unfortunate truth is that approximately half of these newlywed couples will eventually experience it. Hopefully it won't happen to you, but it is important to be be prepared just in case. Building a prenuptial agreement is an important part of being prepared. By building this document before you say "I do," you can establish some ...