People tend to believe that prenuptial agreements indicate a lack of faith that a marriage will work. However, just because you create a prenuptial agreement does not mean your marriage will fail or that you already have one foot out the door. Creating this important legal document will simply provide a safety net for you and your spouse.
Every Married Couple Can Benefit from a Prenup
Without a prenuptial agreement, both spouses may take some serious financial hits during the process of a divorce. Even the process of creating this document can bring couples closer together.
Here are 10 reasons why you should consider creating a prenuptial agreement:
- Half of all marriages end in divorce: Given how high the divorce rate is, it seems only prudent to put certain safeguards in place.
- A divorce can hurt your credit: As we mentioned above, divorce can financially ruin people. With a prenuptial agreement, you can protect your assets and avoid being burdened by your spouse’s debts.
- You can avoid a frustrating experience: With many of the terms of your divorce already outlined in your prenuptial agreement, the divorce process will become infinitely less stressful than it would be without one.
- Save yourself some time: Divorce can take a lot of time and, in some cases, even years. A prenuptial agreement can simplify things and save time, so you can move on with your life.
- Protect yourself against predatory partners: Many people get married simply because they are in love, but the truth is that some people get married to take their partner’s money. An ironclad prenuptial agreement will discourage a disingenuous partner from seeking marriage to steal your assets.
- You can keep your finances separate: Without a prenuptial agreement, even a separate bank account will be considered marital property in a divorce. You can keep your finances truly separate with a prenuptial agreement.
- You have children from a previous relationship: If you have children from another relationship, you can protect their future inheritance from a divorce with a prenuptial agreement.
- Find out more about what is most important to you: Through the process of creating a prenuptial agreement, you can both learn more about what is important to you and your future spouse, which can ultimately strengthen your marriage.
- You have a business: If you own a business, the last thing you want is to see it split into pieces during a divorce. Your prenuptial agreement can protect it and keep you in control.
- You have significant retirement assets: Getting divorced late in life can severely impact your ability to retire. If you want to keep these assets intact and off the chopping block, a prenuptial agreement can do so.
Bonus Tip: It is important to remember that most prenups do not trigger unless you and your spouse divorce in the future. Therefore, you will both be able to handle your finances one way during the marriage while the relationship is maturing, but rest easy knowing there is already a game plan in place for the both of you if your marriage ends for any reason.
Reach Out to Our Law Firm to Create a Prenuptial Agreement Today!
At the Law Office of Nikolas D. Capitano, The Leges Group LLC, our family law team can guide you through the process of creating a prenuptial agreement. You can rely on us for skilled legal advice and creative solutions.
Call our law office today at (610) 200-6665 for an initial consultation.