Prenuptial Agreements
If you are thinking about a prenuptial agreement or if your significant other has requested that you sign one, it is crucial that you consult with an attorney. Louisiana has strict requirements for the execution and timing of prenuptial agreements. Reasons one or both spouses may want a prenuptial agreement include:
π Significant asset ownership
π Children from a former marriage
π Ownership in a family business or a prior inheritance
π To keep respective financial affairs separate
π Protection from creditors
A prenuptial agreement can aid in the adverse financial impacts of divorce. Louisiana is a community property state meaning that in the absence of a prenuptial agreement, the court will distribute property according to Louisiana law.