There is a surprisingly common misconception that prenuptial agreements are only for multimillionaires. In reality, virtually every couple can benefit from having a prenuptial agreement. Here are a few reasons why you should have an agreement in place.
Make Decisions Together
If you agree in advance about property division, both you and your spouse will feel comfortable with what will happen to your property in the event of a divorce. This is generally preferable to leaving it up to a judge. An attorney can help guide you through the process of evaluating your assets and making a workable plan that will divide property fairly and equitably. For help from a family law firm Weymouth, reach out to legal counsel that has experience drafting enforceable prenuptial agreements.
Divorce can be very stressful even if it’s uncontested. Disagreements about who should get what property can make an already difficult situation even more trying. A prenuptial agreement that specifies what each spouse should leave the marriage with is a good way to avoid stress and legal costs. Moreover, it may deter mutual feelings of resentment and make it easier for both parties to leave a marriage on good terms with one another. This is particularly important when people have children and need to be able to communicate well so that they can co-parent effectively.
Protect Business Interests
Anyone who owns a business should have a prenuptial or postnuptial agreement. Failing to have an agreement could jeopardize your business interests.
Get the information that you need about prenuptial agreements before you decide that you don’t need one. Planning ahead is a responsible way to enter into a marriage. Putting an agreement in place doesn’t mean that you think that your marriage won’t last. It’s simply a good way to be prepared to deal with the unexpected and avoid unnecessary problems.