As your wedding day closes in, it's only natural to think about the future. This could lead you to consider the benefits of creating a prenuptial agreement. While this may be something you are thinking about, you never know if your soon to be spouse is on the same page.
At some point, sooner rather than later, you need to discuss the benefits of a prenuptial agreement with your partner. Even if you don't act on this legal document, you should at least learn more about what it can do for you.
Here are some of the reasons to consider this:
- To define separate property being brought into the marriage
- To define nonmarital and marital debt
- To keep a family business separate
- To protect assets for children from a previous marriage
- To lay out terms and conditions of alimony in the event of a divorce
At our law firm, we help people realize that a prenuptial agreement needs to be drafted in the appropriate manner. Not only should both individuals agree to the terms of the agreement, but it must be error-free.
If you make any mistakes when creating a prenuptial agreement, it could come back to harm you should you need to lean on it during a divorce.
There is a lot that goes into the creation of a prenuptial agreement, so make sure you discuss the finer details with your partner. If both of you are on the same page, you can then move forward with creating this document. Once complete, you can feel better about your future together.