It might not seem romantic, but getting a prenuptial agreement can save you a lot of financial pain in the future. In fact, it can help you and your spouse plan for the future together so that you are both on the same page about what you want.
Deciding whether to get a prenup depends entirely on your situation, but here are a few reasons you might want to consider it.
One Spouse Is Wealthier than the Other
When two people get married, they both bring their finances with them. Most likely, one spouse will have more money or assets than the other. Sometimes the spouse who is more financially secure has a lot more than the other spouse, so they might want to protect their wealth in case of divorce.
One Spouse Has More Debt
In some cases, one or both spouses come to a marriage with debt. If you don’t want to take on that debt after a divorce, prenuptials can protect you.
You Have Children
While a prenuptial agreement doesn’t have any bearing on custody after a divorce, having one can document what should be left to your children after you die. People should still devise an estate plan and create a will, but your prenuptial documents can make your wishes on this matter known.
You Are a Business Owner
What will happen to your business if you get a divorce? If you want to keep your business, a prenup is the best way.
You Want Your Private Matters to Remain Private
Many prenuptial agreements include a confidentiality clause to protect any sensitive information, such as finances and details about the marriage. No one wants to air their laundry in public, so be sure to include this in your agreement before getting married.
Your Engagement Was Short
Sometimes engagements can be short. For whatever reason, if you feel like you and your future spouse don’t know each other that well, having an agreement in place can save you from any unexpected surprises. Of course, if your engagement has already flown by, you can always get a postnuptial agreement, too.
You or Your Spouse Has Been Married Previously
If your future spouse has already been married and divorced before your wedding, you should consider getting a prenuptial agreement. The statistics show that those who have had one or more divorces are more likely to divorce again. In fact, if you have been married before, a prenup isn’t a bad idea, either. You might be bringing financial matters to your new marriage, such as child support, that you don’t want to entangle in your current situation.
Want to learn more about how you could benefit from a prenuptial agreement?
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If you think you might benefit from a pre- or postnuptial agreement, don’t hesitate to contact us today. The Law Offices of Granda and Associates are experts in family law. We will help you however we can.