Prenuptial agreements might not set the mood for romance, but they are invaluable to both parties in a marriage, despite common misconceptions. People often think that prenuptial agreements are only necessary when future spouses do not believe their marriage will stand the test of time. However, this is far from the truth. Having a prenuptial agreement does not mean your marriage will come to an end. In fact, much like car insurance, you might never have to use it. It is merely there to safeguard both party’s futures in the event of a worst-case scenario.
When couples dissolve their marriage, things can get a little messy, resulting in more heartache and higher costs. A prenuptial agreement allows you to hash out certain financial issues during a time when your relationship is going well and you have each other’s best interests at heart. The process of creating a prenuptial agreement also allows both parties to know more about what is important to them, which can help strengthen their bond.
Do not let outdated biases prevent you broaching this topic with your fiancé. It might never be put to use, but at least you will always know both of you will be protected.
The Benefits of a Prenuptial Agreement
If you do not know much about prenuptial agreements, then you are probably unaware of the many benefits it can potentially provide.
Here are some of the reasons why you should get a prenuptial agreement:
- You can guarantee that your assets are fairly distributed if you were to ever divorce
- If you have a substantial amount of debt, you can shield your future spouse from having to be responsible for a portion of it in the event of a divorce
- If you were to divorce in the future, you would greatly simplify the process by addressing your financial issues
- If you own a business, a prenuptial agreement is an effective way to protect it and ensure you do not have to end up liquidating it if you and your spouse ever got divorced later on down the road
- If you have children or plan on having a family, a prenuptial agreement can help you and your spouse determine what will be left to them in the event of death
- If either spouse was previously married, he or she will be bringing certain assets, including child support or other properties, which you might not want entangled with other marital assets
Life can become complicated and, when things do not go according to our plans, it is helpful to have a safety net in place. You and your fiancé should consider a prenuptial agreement to ensure both of your futures are protected, regardless of what might happen.
Contact an Experienced Attorney to Create a Prenuptial Agreement Today!
At Alternative Divorce Solutions, our attorneys are experienced in helping clients craft effective prenuptial agreements to protect their assets. You might never have to think of prenuptial agreement, but creating one will help give both you and your spouse peace of mind.