My last article began placing some emphasis on prenuptial agreements. I gave you a little bit behind their history and why some couples may choose to sign them. In this article we will look a little more in depth at some pros and cons of signing one of these documents.
Prenuptial agreements can be very enlightening and positive to a marriage. They can help create conversations and bring up ideas that you may not have considered discussing before marriage.
There are several states that have laws pertaining to property and assets in a marriage. Nevada, New Mexico, Texas, Washington, Arizona, California, Idaho, Louisiana, and Wisconsin all have laws that allow for a 50/50 division of property gained during a marriage. Many other states have laws that divide assets and other gaining.
Many couples have arguments and even divorce over financial issues. Prenuptial agreements can actually help strengthen a marriage by getting all of these issues out on the table before the marriage takes place.
The agreements can give families and individuals peace of mind that traditional handing downs of family inheritance or possessions are taken care of and will not be lost in a divorce.
A prenuptial agreement can protect more than the partners. They can protect the financial status of any children that were brought into the marriage from a previous relationship.
Prenuptial agreements can protect in other times rather than simply in a divorce. A prenuptial agreement can also help a partner deal with issues that arise in the event that one of the mates dies.
The agreements can protect any belongings that you have before marriage such as those in a personal business or other gained assets that you personally worked hard to have.
In the event that a divorce does take place, a prenuptial agreement can help make the process somewhat easier. There will be a lesser need to battle things out in court over property or other assets.