Prenuptial Agreement Archives

Advantages and disadvantages of a prenuptial agreement

Some people view marriage solely as a romantic relationship while others may view it as a business contract. This twofold nature of marriage has made prenuptial agreements a common concept.  According to this agreement, each spouse aspires to safeguard his or her financial interests. There are benefits as well as drawbacks of this agreement.

Millennials are ending the stigma of prenuptial agreements

The concept of a prenuptial agreement has long had a negative connotation. Just bringing up the idea in certain circles was tantamount to saying, "I plan to get a divorce from this person I'm about to marry." Of course, we've debunked this myth on this blog several times. After all, no one gets vehicle insurance with the idea that they plan to crash their car. In the same way, no one gets a prenup with a plan to get divorced, but the prenup provides peace of mind should it happen.

Here's why you should have a prenup

Bringing up the topic of a prenup with someone you're about to marry isn't the most romantic subject matter, but it can be one of the most important discussions you have as a couple. Many couples feel like it's not necessary, especially if neither one has any assets. However, a lot can change throughout a marriage and your situation 10 years down the road may be drastically different.

Does a prenup have to include alimony?

When two people decide to get married, they will likely begin to plan their big day. This planning process will include a variety of things, like choosing a venue, tasting cakes, and in some cases, drafting a prenuptial agreement. If drafting a prenup is on the list to do before they tie the knot, they may have a lot of questions about the process and how this marital contract works.

Why should couples have a conversation about a prenup?

Couples around the United States make the decision to marry every day. With "I" becoming "we" in just a matter of seconds, there are many things that couples will want to discuss before they agree to spend the rest of their lives together. Children and buying a home are likely topics that will be discussed, but finances are something to bring up as well.

Things to ask your attorney when you're considering a prenup

If you're facing a legal situation, you probably have a lot of questions for your attorney. If the legal matter is regarding a divorce, you may have questions about the process and how to get things started. If you're a couple that is planning to get married, you will have questions before you tie the knot, especially if you are considering getting a prenuptial agreement and finding ways to protect your property and assets.

Why would a prenuptial agreement be considered invalid?

Two people deciding to spend the rest of their lives together is something that should be celebrated. Although marriage is seen as a joyous occasion, it would be wise to remember to be realistic and properly prepare for divorce, no matter how positive one may feel about the marriage working out. Getting a prenuptial agreement is one way many people have protected themselves, but even then they are not guaranteed protection because there is a chance their prenup may be considered invalid by the courts.

What items are not permitted in a prenuptial agreement?

When a couple sits down to work out the terms of a prenuptial agreement, they typically focus on such things as property division, estate planning, inheritance and even debt liability. Of course, these are all critical items and should be part of a well-written prenup. But it's also important to understand what kinds of things cannot be part of a prenuptial agreement.

Listening is key when discussing prenuptial agreements

Entering a marriage creates a wealth of emotions, most of which are positive. There is great joy in finding the person you believe you want to spend the remainder of your days with. And yet, it is not unusual or wrong to also feel some measure of apprehension. After all, the mere thought of such a strong connection ever failing is extremely daunting. But one thing that may partially allay some of your worries is creating a prenuptial agreement.

How can I bring up the subject of a prenup?

If you are on the verge of tying the knot, you are likely looking forward to a lifelong commitment to your significant other. And quite possibly you don't want to do anything that may jeopardize your current state of bliss. As such, you may be hesitant to approach your partner about creating a prenuptial agreement.

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