Why Is It a Good Idea to Have a Prenuptial Agreement?

No one expects their marriage to come to an end, which is why discussing a prenuptial agreement is often such a tricky matter. Unfortunately, nearly half of all marriages end in divorce and the statistics are even higher for second and third marriages. Having a prenuptial agreement is one of the most responsible decisions a couple can make. You might not ever need it, but both parties can feel secure knowing that they have clarified their financial issues.

The Benefits of a Prenuptial Agreement

Talking about a prenuptial agreement will become an easier task once you can better articulate the benefits it can provide. If you are planning to talk to your fiancé about getting a prenuptial agreement or your fiancé already broached the topic, learning more about it can help you throughout this process.

Here are some of the benefits a prenuptial agreement provides:

1. Save money and heartache: The divorce process can be expensive, time-consuming, and emotionally taxing. Having a prenuptial agreement in place can circumvent some of these troubles. Although a prenuptial agreement cannot address matters related to child custody or child support, it can address matters related to property and asset division, which can reduce the time it takes for you to dissolve your marriage, if it comes to that.

2. Keep separate property protected: Throughout a marriage, assets and property often become commingled and couples might disagree on what is marital property and what is separate property. Instead of leaving these decisions to a judge, a prenuptial agreement allows you to clarify these details during a time of peace in your relationship.

3. Shield yourself from debt: Assets are not the only items that become commingled during a marriage. You and your spouse will also have to split your marital debt upon your divorce, so if one of you is entering the marriage with a substantial amount of debt, now is the time to take the proper measures to shield yourself from it.

4. Learn more about what matters to one another: There is a lot to be gained from tough conversations, especially ones about money. You and your soon-to-be spouse will learn more about what the other values, which will certainly make a difference in your future and help create a stronger bond. Talking about a prenuptial agreement does not have to be a romance killer.

Speak to a Marital Agreement Attorney Today!

If you are planning on getting married, talk to your fiancé about a prenuptial agreement to protect both of your futures first. At Melissa M. William, our attorney has more than two decades of experience and will help you create a prenuptial agreement that addresses your needs and goals. Having a prenuptial agreement does not mean your marriage will end, but at least you will know your interests are protected in the event that it does.

Contact us today at (512) 271-2063 to schedule an appointment.