Beyond Assets: Why You Might Need a Prenup

Beyond Assets: Why You Might Need a Prenup

Couples have many personal conversations when transitioning their relationship to a marriage. While some of these conversations may be about starting a family and emotional security, some may be about the financial and legal implications of marriage. One of these conversations may concern prenuptial agreements, a safeguard for your assets. Our prenuptial agreement attorneys can help you understand what can go into this type of contract between romantic partners who plan to marry.

Why Create a Prenup?

Money and finances are often significant sources of anxiety in a relationship. A prenuptial agreement can serve as a source of protection and certainty. When discussing  a prenup, a marrying couple lays out their financial assets and expectations for each other. The primary reason to consider a prenup is to protect each individual’s assets in the event of a divorce. But, there are other reasons why you may want to consider a prenup.

Planning for the Future

Many people are unaware that a prenuptial agreement can govern a couple’s conduct during their marriage when it comes to finances. A prenup can be a great method to plan for your financial future with your partner. For example, a couple can agree to set up a joint bank account and each contribute a certain amount to the account to purchase assets such as real estate. Having this kind of agreement and allocating financial assets during the marriage can help you navigate potential risks and problems early on.

Clarifying Responsibilities

A well-crafted prenup can also help a couple understand how to handle prior debt incurred before the marriage, provide clarification for future misunderstandings, and act as a framework for marital financial responsibilities.

Strengthen Communication

A prenup can be an uncomfortable topic for many couples, but it compels a couple to communicate in advance regarding finances before it may be too late to address these issues. So crafting a prenup can facilitate early, open, and constructive communication between partners regarding financial expectations. A prenup not only acts as a practical framework for your future, but also acts as a skill-building exercise for couples to learn effective communication on difficult issues such as finances.

Speak with a Prenuptial Agreement Attorney Today

When it comes to a prenuptial agreement, there is typically a lot at stake. This is just one of the many reasons why it is important to work with an experienced attorney in drafting, reviewing, and finalizing your prenuptial agreement. Even with these collaborative agreements in place, you have important individual rights and considerations that must be taken into account as well. A detail-oriented, dynamic approach to prenuptial agreements can be an effective way to understand and secure your rights.

If you are considering a prenuptial agreement or have questions about whether such an agreement may be right for you, contact a dedicated prenuptial agreement lawyer to see what options may be available to you.

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