There is no denying the many benefits of a prenuptial agreement. Above all else, this can protect any property a person brings into a marriage. This way, in the event of a divorce, it is not subject to division.
Even though there are many benefits associated with a prenuptial agreement, there are also some drawbacks with which to become familiar. Knowing both the pros and cons will help you decide if this is the best decision. Here are some downsides:
— It can make your partner upset. Let’s face it: there is nothing simple about asking to implement a prenuptial agreement. This could upset your soon-to-be spouse.
— A prenuptial agreement can not legally include child custody or child support issues.
— You cannot include personal preferences. This includes things such as where to spend the holidays, who does what within the relationship and how to deal with family issues.
— The court has the right to do away with any provision that is considered unfair. If this happens, you will then have to alter your prenuptial agreement to meet the needs of the court.
There are many benefits of a prenuptial agreement. There are also some drawbacks, such as those above, that you need to keep in mind. These may not be enough to stop you from moving forward, but they can definitely slow you down.
When you understand the pros and cons of a prenuptial agreement, it is easier to decide if this is something to consider. In the end, what matters most is that you and your partner are comfortable with where things stand.
Source: FindLaw, “How to Determine if a Prenuptial Agreement is Right for You,” accessed Nov. 19, 2015