When to Get Prenuptial Agreement
When it comes to marriage, many couples believe that they will be together forever, happily ever after. However, as much as we would like to believe that, the unfortunate truth is that not all marriages last. When a marriage does fall apart, it can get very difficult when it comes to dividing assets and property. This is where a prenuptial agreement becomes essential. In this article, we’ll discuss when you should get a prenuptial agreement.
What Is A Prenuptial Agreement?
A prenuptial agreement, also known as a prenup, is a financial agreement made by a couple before they get married. It outlines the division of assets and liabilities in the case of a divorce. A prenuptial agreement can also cover spousal support, inheritance, and retirement benefits.
When Should You Get A Prenuptial Agreement?
1. You Have Assets Before Marriage
If you have personal assets such as real estate, investments, or business ownership, a prenuptial agreement can protect them. A prenup can ensure that these assets remain yours in case of a divorce.
2. You Have Children From A Previous Relationship
If you have children from a previous relationship, a prenuptial agreement can protect their inheritance. You can outline in the prenup how much each child will receive in case of a divorce. A prenup can also protect your assets for your children`s future.
3. You Have High Earning Potential
If you have a high earning potential, a prenuptial agreement can protect your future income. You can outline in the prenup how much each spouse will receive in case of a divorce, and it can prevent your future income from being taken.
4. You Want To Avoid Divorce Disputes
If you want to avoid disputes and lengthy divorce proceedings, a prenuptial agreement can help. It can clearly define each spouse`s interest, and the distribution of any assets and liabilities in case of a divorce.
5. You Want To Protect Yourself Financially
If you want to protect yourself financially, a prenuptial agreement can be crucial. It can help you secure your financial future and avoid being left with nothing in case of a divorce.
Conclusion
In conclusion, a prenuptial agreement can be beneficial for any couple. It can provide financial security, avoid disputes, and protect your assets and liabilities. If you think that a prenuptial agreement might be right for you, speak to a family law attorney. It’s essential to have a knowledgeable attorney who can help you draft a clear and comprehensive prenuptial agreement that meets your needs.
