One of the common beliefs about prenuptial agreements is that they are primarily used in cases where one of the parties entering a marriage possesses notably greater wealth than the other. The idea being that the spouse with more assets needs protection in case the couple should get a divorce.
However, these days it is not uncommon for spouses to have comparable financial assets. So when this is the case, does a couple need a prenuptial agreement? Well, as this article points out, a prenuptial agreement can be of benefit when both spouses possess a measure of wealth.
A prenup can include specifications regarding how each spouse?s assets should be handled in case of death or divorce. If a spouse has children from a previous marriage, a prenuptial agreement can be used to clarify how the assets are to be divided in the event he or she dies.
A prenuptial agreement can help prevent a couple from falling into financial conflict. If the marriage is as successful as hoped, the prenup could stand as a financial guide for the couple through the years.
If the marriage does not work, then the process of a divorce may be greatly simplified by having complicated financial matters clarified from the outset. This is preferable to having to work out such details in a potentially acrimonious set of circumstances.
If you are preparing to get married and want to take advantage of all the benefits a prenup can offer, a Texas family law attorney may be of service. The attorney can go over your finances and help guide you through the process of crafting an agreement that helps protect your interests.