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Why are prenuptial agreements important?

on July 23, 2022 Comments Off on Why are prenuptial agreements important?

Prenuptial agreement lawyers do a lot of good for couples looking to marry. It might seem strange to think about prenups when you’re madly in love with your soon-to-be spouse, but they are sometimes necessary. Prenuptial agreements are there to secure finances when a divorce occurs and can make a huge difference when one spouse is wealthier than the other. So, why is it so important to consider a prenup before getting married?

Reassurance over finance

Let’s be honest, anyone who has been stung in a previous relationship will always have concerns about future hurt. It doesn’t matter if you went through a messy divorce or otherwise, the emotional scars stay with you. A prenuptial agreement helps couples decide how their finances will be handled during the marriage and what happens if a divorce takes place. It is one way to reassure both parties about the marriage and can build trust too. Prenuptial agreement lawyers will draw up the agreement; however, you and your spouse should have separate legal representation.

You know where you stand during a divorce

Few people think prenuptial agreement lawyers are necessary; unfortunately, many marriages end in divorce. It’s a messy business and happens all too often. You might be the wronged party, but you could walk away with nothing. With a prenup, however, that’s less likely to occur.

For example, your prenuptial agreement lawyers draw up a contract both you and your partner sign. The agreement talks about property and personal possessions. You and your spouse agree to walk away with the property and personal items you brought into the marriage; anything purchased after is known as marital property. So, in simple terms: you keep the house you purchased before the marriage, and your spouse does the same. It’s a great way to be clear on non-marital items.

No need for courts or legal proceedings

Divorce is a nasty business, whether you’re the petitioner or otherwise. There are a lot of emotions involved, hurt feelings, and some people just want every penny they can get their hands on. It’s not a nice notion but that’s the way the world works. Prenups make things easier and prenuptial agreement lawyers can help. Whether you’ve split amicably or not, going through the court system to finalise a divorce is incredibly difficult. It’s technically up to the court to decide who gets what and sometimes it doesn’t end fairly (for either side).

With prenuptial agreement lawyers, things are very different. Many (potentially) contentious issues are agreed to, and the process is typically easier. That does make a huge difference, especially for those who want to protect their wealth or assets.

The need for prenuptial agreement lawyers

Prenups aren’t something you normally think about when planning a wedding. You love your partner and believe you’ll get that fairy tale ending. Unfortunately, it doesn’t always work like that, and it can leave you in a vulnerable position. A prenuptial agreement is incredibly useful for both wealthier individuals and those with few assets. These protect you and your spouse and can be important to consider. Prenuptial agreement lawyers can help you create a legally binding contract.

MalcolmWhy are prenuptial agreements important?