Reviews

Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Cliffeton green

Oct 30, 2018

Very professional knows what he\'s doing. Very good with people.

Karen Young

Oct 30, 2018

Mr. Russo gives very solid business guidance. He clearly understands the law but, more importantly, the needs of a business ...

Heather E Steavens-Jones

Oct 30, 2018

If you want a lawyer to give you guidance with your interests as a priority then Pete Russo is the ...

Tami Johnson

Oct 30, 2018

Pete and his team were exceptional in helping my husband and I buy our first small business. Couldn\'t have ...

Lori Keim

Oct 29, 2018

Peter is knowledgeable, caring and honest. I have found his advice to be more focused on what is right for ...

Review By:

Prenuptial agreements useful, but work with experienced attorney

Marriage can bring about significant changes for couples, particularly in the area of finances. Marriage, of course, has the effect of tying together couples financially, making them partners in both assets and debts.

This partnership may apply not only to assets acquired during the marriage, but in some situations to assets brought into the marriage, such as business assets. Other important assets, such as retirement accounts, can be impacted by marriage. This is a particularly important point for older Americans who get married.

In the event of divorce, Pennsylvania law prescribes that courts are to distribute marital assets and debts equitably when couples are unable to come up with a suitable arrangement on their own. There are various factors courts can take into consideration when making the determination about equitably division, including the length of the marriage, the sources of income available to both parties, the standard of living established during the marriage, and whether a party has primary custody of minor children.

Couples preparing for marriage are not without means of controlling the financial outcome of a potential divorce, though. This is precisely the purpose of prenuptial agreements. A prenuptial agreement, when it is wisely negotiated and validly executed, effectively trumps state property division law.

It is important, when putting together a prenuptial agreement, to work with an experienced attorney and to get an early start. This helps to ensure not only that one’s interest will be represented, but that everything will be done properly and that there will be enough time to work out an acceptable agreement prior to marriage. As experienced attorneys, we understand the needs of clients when putting together prenuptial agreements and work to protect their interests.

Sources:

Wall Street Journal, “Financial Questions to Settle Before You Get Married,” Andy Ward, May 24, 2014.

Pennsylvania General Assembly, “Equitable division of marital property,” Accessed Dec. 5, 2014.