When a couple is preparing to enter a marriage, they may have a lot on their minds. This can be especially true if they are planning a big wedding with all the associated festivities. But as most married couples will likely tell you, the real work starts after the vows are exchanged and the marriage actually begins.
Marriage is a full-time commitment, so couples are well advised to seriously discuss important issues with one another prior to saying "I do." For instance, because finances play such an important part of a marriage, it can be very helpful to have a financial game plan.
Creating a prenuptial agreement is one effective way in which a couple can get on the same page when it comes to setting the groundwork for how personal finances will be allocated. For example, if one partner is going into the marriage with substantially more assets, he or she may want to specify an amount the other partner should receive if the marriage does not work out.
On the other hand, if one of the partners brings large amounts of accrued debt to the table, stipulations could be included in a prenup that absolves the other party of responsibility for that debt.
By getting such issues out in the open and setting expectations, couples may decrease the likelihood of disputes down the road. The attorneys at Regan Armstrong & Associates have experience crafting prenuptial agreements for couples who understand that planning in the present can help head off problems in the future. If you are interested in premarital or even post marital legal planning, we may be able to serve your needs.