As you move toward marriage, there will be a lot on your mind. Most importantly, you are looking forward to a long future with the person you love. At the same time, however, you may be worried about what the years to come will bring. This includes the possibility of a divorce.
While some people never think twice about a prenuptial agreement, others realize that this could be in their best interest.
The purpose of a prenuptial agreement is simple: to give both parties an option for protecting their assets in the event that a divorce takes place in the future. This document will outline the details of each person’s finances before the marriage. Subsequently, it is easy to establish future property rights.
Other benefits of a prenuptial agreement include:
— Taking all the guesswork out of property division in the event of a divorce.
— Protecting the property that both people bring into the marriage.
— Clear cut view of what property is community and what is separate.
It is common to believe that a prenuptial agreement is only for the rich and famous. This is not necessarily true. If you or your spouse is bringing anything of value into the marriage, such as an inheritance, this type of agreement is something to consider.
Our attorneys understand that a prenuptial agreement is not for everybody. We also realize that some people want to use this to their advantage. If you have any questions regarding prenuptial agreements, including how the arrangement works, you can learn more by reviewing our website and blog.