We’ve seen a rise in clients seeking prenuptial advice at our law office. Many couples have decided to throw away their romantic ideas for practical, real-life solutions. The fact is that 50% of marriages end in divorce. Add to it that couples are waiting until they are older to marry and therefore probably have more debt and assets going into a marriage. A prenuptial agreement can protect your assets and your future.
We’ve written a few discussion items for partners to think of when entering marriage and entering a prenuptial agreement.
- While a prenuptial agreement should include all of the pre-marital investments and assets, it’s important to also include pre-marital debts in the agreement as well. Both parties must disclose their debts and address who is responsible for the payment of those debts.
- Even if you think your situation in not complicated, consult a family law attorney. It is imperative that your agreement stands up in court if needed. A prenup that’s thought to encourage divorce or regarded as unfair by the court can be deemed invalid.
- If you are already married, you may be able to enter into a postnuptial agreement. You can make the same provisions, but you may have a better financial picture after you have been together as a married couple.
Anyone who has been married knows that marriage can be complicated; marriages change and finances can improve or decline over time. With that said, it is important for individuals to feel financially at peace regardless of what the future will bring. A prenuptial agreement can do just that.