Historically, talking about prenuptial agreements is a touchy subject. They can seem like they carry a stigma and many people avoid bringing up the subject altogether.
However, a prenuptial agreement can actually benefit both parties in a marriage. Prenups can cover a wide variety of issues and make the process of marriage and possible divorce much easier and less stressful.
Why Create A Prenup?
The primary reason to sign a prenup is that it can help navigate a divorce, in the event that you decide to end your marriage. Divorce can be a messy process, full of legalities and stress, but a prenup can help you figure things out beforehand.
A prenup allows you to adjust the divorce process to suit both you and your spouse, without being bound by the restrictions of the law in a traditional divorce. A prenup can help both people protect their assets and family.
What Goes Into A Prenup?
There are a wide variety of items you can include in a prenup. Including but not limited to:
- Student debt
- Estate planning items
- Spousal support plans
- Pet custody
- Home division
- Dictating division of specific physical assets
- Retirement accounts and other financial assets
A prenup can help you figure things out before the stress of a divorce, no matter what your level of wealth. A solid prenuptial agreement can help you decrease the long-term costs and time of this process and help you get a better handle on your status, assets and financial situation prior to marriage. Talking to an experienced attorney, along with your spouse can help you determine if signing a prenup is a good decision for your individual situation.