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Prenups can keep a high asset divorce from getting messy

Apart from dealing with child-centered issues, asset division is quite possibly the messiest part of any Colorado divorce. Both parties want to ensure that they walk away from the union with a fair and equitable amount, especially when they have large assets to both divide and protect. For many high-profile couples, or those going into the marriage with substantial means, a prenuptial agreement may be the best way to protect their investments should the marriage not work out.

In 2010, a survey by Harris Interactive indicated that 15 percent of divorced people believe that failing to get a premarital agreement prior to marriage was a mistake. This statistic works in conjunction with the 49 percent of divorced individuals, as well as the 44 percent of those who were never married, who believe that a prenup is a good idea.

Fast forward three years, and that mentality does not appear to be any different. In fact, a study was done by the American Academy of Matrimonial Lawyers that indicated that there is a significant upswing in the number of individuals, particularly women, who are requesting a premarital agreement.

Now that the economy has stabilized, this increase –which has been noticeable to over 60 percent of divorce lawyers – makes sense given that home values are no longer depreciating as much, the American Academy of Matrimonial Lawyers president stated.

Safeguarding your property from a high-asset divorce is a smart move for many people. In order to make sure that specific provisions are not left out, it is best to take the matter to a family law attorney who can better assist you.

Source: The Huffington Post, “Prenuptial Agreements Are on the Rise, And More Women Are Requesting Them,” Oct. 22, 2013

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