Prenuptial agreements are an important part of many marriages, but despite knowing how they can help, many people don’t have them. Why? They may not know the importance of these agreements or not understand how they can help them.
When people think about prenuptial agreements, they often imagine that they are arrangements that put one spouse ahead of the other if they divorce. The arrangement, for instance, might limit how much one spouse can get from the other upon divorce. That’s true to an extent, but only if you agree to an unfair prenuptial agreement.
What should you do if you’re surprised with a prenuptial agreement?
If your finance suggests a prenuptial agreement, don’t be offended. Instead, think about how a prenuptial agreement might work in your benefit. Prenuptial agreements can help you and your partner protect yourselves against each other’s actions. If your future spouse takes on too many debts, for instance, you may find that you’re held liable for paying them back after a divorce if you don’t have a prenuptial agreement. If you do, it might dictate who is responsible.
Prenuptial agreements can also help you by planning for the separation of your assets long before the need would arise. Right now, you both love and care about each other, so it’s the best time to talk about how you’d like to leave the marriage if you both decide it has to end.
Our site has more on prenuptial agreements and how they can help you protect your interests and build a stronger relationship throughout your marriage.