Before you get married, you have a lot of things to think about. One of these things is how you are going to protect yourself and your assets just in case the marriage doesn’t work out. While that might not be one of the most pleasant things to imagine, it is vital because you just never truly know what is going to happen.
One option for protecting yourself is to enter into a prenuptial agreement with your future spouse. This agreement lets you and your spouse-to-be determine what will happen to assets if your marriage doesn’t work out.
The premarital agreement doesn’t have to cover only things like who gets the car or a specific asset. It can also cover things like how a business will be handled in the divorce or what will happen to an inheritance.
If you or your future spouse have debt, the prenuptial agreement can include a stipulation that the person who has the debt going into the marriage is the person who will be liable for it. This can help protect you during the marriage and if things go sour.
Another thing you can cover is who is going to be responsible for making which decisions during the marriage. This isn’t always something that can be determined ahead of time, but you can include information about how you will figure out who is responsible for what decisions.
Before you decide on a prenuptial agreement or the wording it should contain, you must learn about how Texas law views these agreements. You need to make sure that everything in the agreement is done according to the law so that the prenuptial agreement can provide you with the protections you desire.
Source: FindLaw, “Pros and Cons: Premarital Agreements (“Prenuptials”),” accessed April 07, 2017