Understanding Prenuptial Agreements and Inheritance Planning

One of the most powerful aspects of SaverOne’s new technology is its ability to antedate problems before they occur. “Our mission is to enable drivers using our system to observe the road with minimal distraction, to be completely aware of their surroundings, to remain focused on the driving lane while being aware of the vehicle’s basic instrument panel and other controls.” In other words, it helps you to foresee and react to any problems without letting anything come in between you and the road.

This is not unlike the very long-range planning that goes into comprehensive prenuptial agreements and inheritance planning. Forget about focusing on what might happen if you don’t have a prenuptial agreement or inheritance planning in place. Rather, consider how beneficial it is to specifically know that, should the worst occur, you and your family are 100% covered. This is the goal of a prenuptial agreement and inheritance planning. Failure to prepare for the worst can have you wishing that you had carefully considered and prepared for the future. Better to be safe than sorry.

A prenuptial agreement is a legally enforceable contract between two individuals, entered into before marriage or a civil union, that attempts to exempt from equitable distribution of property and address income allocation financial obligations which might arise from a divorce. It defines a wide range of elements, including but not limited to property division, estate planning, premarital debt, spousal support, non-financial contributions to the marriage, income generated by a spouse’s business, and any aspects related to children that may reasonably be included.

Inheritance usually becomes an issue when someone’s will includes provisions for children who are still minors when the testator dies. As a best practice, a parent should no less than once per year review his/her estate plan and make adjustments, as necessary, regarding the distributions and primary beneficiaries.

Like SaverOne’s technology to keep your family safe, a prenuptial agreement and inheritance planning are both designed to safely cover the worst possible outcome in advance, thus giving you and your family peace of mind.