Family Law Blog

Four Reasons You Need a Prenuptial Agreement

Thursday, September 14, 2017

More and more marriages end in divorce. No matter how much you want your marriage to last forever, the odds may be against you. Because of this, prenuptial agreements are becoming popular.

Here are some reasons why you should have a prenuptial agreement (no matter how much you love the other person and don’t believe it will end).

  • Prenuptial agreements are there to protect you. Odds are against most marriages so if you have things that are valuable to you, you really need to protect yourself. It allows you to leave the marriage with what you came with. Your ex-spouse will not be able to take your valuables away from you. 
  • Prenuptial agreements are not just for rich people. If you (or your soon-to-be- spouse) have significant debt, a prenuptial agreement will protect each other. If there is still debt when you break up, you won’t have to pay your ex’s debt. He or she also will not be responsible for yours.
  • If you own a business, you need a prenuptial agreement. This will, not only ensure that the business stays in your name but will make sure that you get what you earn. It also goes the other way. If your business fails, your partner is protected against the loss.
  • Prenuptial agreements can also make divorce much easier. You will already know who is getting what in the event that you divorce so there will be less fighting. Couples with a relatively easy divorce are more likely to stay friends which is really important when there are children involved.

Though nobody wants to think about their marriage ending (especially right before the wedding), odds are that your marriage may not last. For this reason, it is important to have a prenuptial agreement in place. It will protect you and your soon-to-be-spouse.

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