Are you thinking about getting married? If so, then it may be wise to broach the subject of a prenup with your intended.
Too many couples make the mistake of overlooking this part of the process. This reluctance may arise from not wanting to bring up what can seem like a divisive topic. Other couples don’t consider it because they think that prenuptial agreements are only for the wealthy.
The reality is that many couples may benefit from having a prenup in place. While bringing up the subject can be difficult, it also brings to light each individual’s beliefs about and approach to handling practical and financial matters. As a result, many couples actually establish a better foundation for themselves through the negotiation of a prenuptial agreement.
Why might such an agreement benefit you? Consider that one or both of you may be entering the marriage with considerable or at least important personal assets. If you want to ensure that each partner is guaranteed to leave the marriage with their premarital assets intact, then it may be a good idea to settle this well before it becomes an issue. Keep in mind that any assets acquired during the marriage likely will be equally shared.
Additionally, prenuptial agreements can better ensure the financial future for your children. This is especially true if you are entering the marriage with a child from a previous relationship. However, it can be critical even when children are just a dream for the future. Prenuptial agreements ensure that kids get the assets that they are intended to receive even if the spouses split.
Prenuptial agreements also are valuable because they usually reduce conflicts if divorce is being contemplated. With some of the most contentious issues already settled years ago in black-and-white terms, you and your spouse may find far fewer reasons to argue.
It’s not only assets that can be included in prenuptial agreements. A qualified Champaign prenup attorney may advise the couple to include any personal debts in the agreement as well. Accordingly, if one spouse is bringing significant student loan or credit card debt to the relationship, the other spouse won’t be responsible for this debt in the event of a divorce.
It is always a good idea to consider entering into a prenup well before your wedding day arrives. Call a Champaign prenup attorney at (217) 531-2179 to learn more about your options.