An engaged couple should be aware that marital property laws dictate that assets acquired during marriage are jointly owned. Understanding these laws helps couples prepare for potential financial implications of marriage. Additionally, spouses owe each other fiduciary duties which include honesty and good faith. Engaging with a divorce lawyer can equip couples with knowledge about these legal obligations and help protect personal assets via prenuptial or postnuptial agreements, mitigating future disputes in case of divorce.
Couples should have an understanding of their state's marital-property laws, as any assets earned during the marriage become marital property and subject to division.
If there are assets you want to keep just to yourself, then you might want to consider a prenup or postnup to ensure they're protected.
Married couples owe each other fiduciary duties, which include honesty and good faith in their dealings.
Meeting with a divorce lawyer can help couples prepare for the legal aspects of marriage and understand possible financial implications.
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