People often think that prenuptial agreements are designed for the wealthy or for couples who lack faith in the future of their marriage. However, even if your bond is solid and your assets are minimal, you can still benefit from having a prenuptial agreement in place. It does not mean your marriage will fail, but it will provide some peace of mind that, regardless of the future, your financial future will remain intact.
Why You Should Consider a Prenuptial Agreement
A prenuptial agreement might seem like a romance killer, but working on this important legal document with your future spouse can actually help the two of you understand each other’s needs and financial situations. Considering that finances are often the downfall of many marriages, taking this step can actually work toward your advantage, creating a solid foundation for your relationship.
Here are some of the other benefits of creating a prenuptial agreement:
- You can distinguish the difference between private property and marital property. If you ever get divorced, this will save you a lot of time and stress during the process.
- If you have children from a previous relationship, you can protect their inheritance.
- If one or both of you is entering the marriage with substantial debts, a prenuptial agreement can protect you from potentially being responsible for these debts in the event of a divorce.
- You can both agree on certain rules and procedures for issues that may come up in the future.
A prenuptial agreement might seem like a touchy subject, but discussing this early on with your fiancé can greatly benefit the future of your marriage, so do not be afraid to broach this topic and consult with an attorney.
Schedule a Consultation with a Knowledgeable Family Law Attorney Today!
Getting married is a big step and it is important to prepare yourself for whatever the future may hold. A prenuptial agreement can protect you and your spouse’s assets, reducing conflict and tension if your marriage comes to an end. At Barach Law Group LLC, our family law team is backed by more than two decades of experience and a commitment to guiding our clients through some of life’s most challenging legal matters. You can rely on us to help you create a prenuptial agreement that effectively protects your finances.