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Advantages of Prenuptial Agreements

When a couple exchanges their vows and get married, they hope the union will last for eternity. However, roughly half of all marriages in the United States end in divorce. Due to the staggering figure, it’s wise to obtain a prenuptial agreement in order to protect your assets.

Unfortunately, there is no easy way to present this subject to your significant other. It’s not romantic to address a prenup, nor is there an appropriate time to discuss it, especially if it’s in the early stages of the relationship.

Nevertheless, this can be an opportunity to make your relationship stronger. While people assume negotiating a prenuptial agreement typically results in hostility, having a discussion about money matters can help establish healthy communication in your marriage and even improve the quality of your relationship.

The advantages of a prenuptial agreement include the following:

  • Enables you to protect your financial stability
  • Enables you to protect your children’s financial future
  • Provides reasonable terms for property division
  • Determines what is considered community property
  • If you’re a small business owner, you are able to protect your business from being considered as community property
  • If your spouse has more debt than you, you can protect yourself from having to share the debt if divorce occurs
  • Reduces conflicts during a divorce
  • Establishes rules and procedures for issues which may arise in the future
  • Protects you from a spouse with ulterior motives

For more information about prenuptial agreements and divorce, contact us to schedule your low-cost initial consultation today.