Before tying the knot, you'll think about many things. As you look toward the future, you may begin to ponder the pros and cons of a prenuptial agreement.
If nothing else, you should understand what a prenuptial agreement can do for you. There are a variety of benefits, all of which could push you to create this document before you wed.
Here are some of the things that a prenuptial agreement can be used for:
- To protect the individual assets of both people
- To protect one person from assuming debt that the other brings into the marriage
- To determine how property will be distributed upon a person's death
- To protect business interests
- To avoid a long and costly dispute in the event of a divorce
There is no way of knowing exactly what a prenuptial agreement can do for you until you learn more about the finer details of this legal document.
Once you have a clear idea of the benefits, you can discuss what to do next with your soon to be spouse.
Since your spouse may not like the idea of signing a prenuptial agreement, be sure to give yourself plenty of time to discuss the details.
When you understand what a prenuptial agreement can do for you, as well as your fiancé, it's much easier to decide in favor of this. It's not always easy to talk about this as your big day closes in, but the more time you put into it up front, the less stress you will have before your wedding and in the years to come.
Source: FindLaw, "Can Prenuptial Agreements Help You?," accessed July 24, 2017