The majority of couples do not have a prenuptial agreement, but it is always something that a couple should consider prior to getting married. Unfortunately, there is a certain stigma associated with the prenuptial agreement that the couple is distrustful of one another. This is definitely not always the case. A prenuptial agreement is meant to safeguard the assets of one or both people in case the couple chooses to divorce. No couple wants to think that they will someday divorce, but in this day and age, divorce does occur often. Should you have a prenuptial agreement?
The majority of couples do not have a prenuptial agreement because neither person is bringing a lot of assets into the marriage. Yes, one person may own a house or have money in the bank, but chances are that these assets are not enough to warrant signing a prenuptial agreement.
A prenuptial agreement is practically essential when either the bride or groom or both people are bringing significant assets into the marriage. These assets may include real estate, stocks, money, and other valuable items. In addition, a future inheritance may be included in the prenuptial agreement if either the bride or groom stands to inherit a significant amount of money or property.
Why should you have a prenuptial agreement? The prenuptial agreement is a form of protection. When a couple’s relationship ends in divorce, it may not end amicably. This can lead to either person vying for the other’s money and assets that were brought into the marriage. Unfortunately, some marriages are actually based on one party marrying just for the money. This can be devastating when a marriage ends. A prenuptial agreement can help to alleviate some of the legal matters and keep assets where they belong.
Essentially, you should have a prenuptial agreement if you have something that you want protected. For instance, you have inherited your grandmother’s home and you want to make sure it stays in the family. If you do end up divorced, your partner may be entitled to a portion of that home if you did not sign a prenuptial agreement. This can force you to have to pay them for their portion of the home or to sell the home in order to give them the money equivalent of their portion of the home. So, if you have assets that you want to protect in the event that you do end your marriage, then absolutely get a prenuptial agreement!
Keywords: Wedding Planning, Weddingblog, Wedding
        |