Law Offices of Randy Wilson and Kristin Postell, PLLC
Call today
325-200-4204 800-763-8120

Prenups can assist in the event of a military divorce

Most Texas residents are aware that a prenutptial agreement can serve to protect their assets during a divorce. However, few are aware of the full scope of that protection. Specifically, a prenup can protect assets that are brought into a marriage, and it can protect the ideas of one party. That can be very important during a military divorce.

Intellectual property is a term used to encompass an individual's creative efforts. It is the property that results from ideas, such as music, poetry, or pieces of art. Intellectual property also includes ideas relate to technology, such as apps and software. In today's technological world, those ideas have concrete value.

By including tech ideas in a prenup, a person who enters into a marriage can do so with the peace of mind that comes with knowing that his or her work will be protected. An agreement can be structured to state that any assets that result from the intellectual property of either spouse will remain the sole property of that individual and will not be subject to division in the event of a divorce. Young people today appreciate the value of ideas, and many will find such an agreement to be completely fair.

When preparing to marry, most Texas residents are in a frame of mind to make decisions that are fair and balanced. That is not always the case once a marriage has failed and a military divorce is underway. By negotiating intellectual property as part of a prenuptial agreement, a couple can move forward with a marital contract that protects both parties equally.  

Source: bloomberg.com, "Prenups for Ideas Are All the Rage With Millennials", Polly Mosendz, Accessed on Nov. 17, 2016

No Comments

Leave a comment
Comment Information

visit us

104 Pine Street
Suite 106
Abilene, Texas 79601-592

Toll Free: 800-763-8120
Phone: 325-200-4204
Fax: 325-677-6129
Abilene Law Office Map

Get A Free Initial Consultation Call or email us to schedule a free consultation. You can reach us 24 hours a day.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Visa | MasterCard | Discover | American Express
Google Map