Prenuptial agreements (or prenups) are contracts you sign with your significant
other before you marry. This contract is designed to organize your financial
situation in the event of your divorce or in case one of you dies. Many
people stigmatize prenups as unromantic or untrusting; however, they do
have many benefits. Here are 3 possible advantages to signing a prenup
before the wedding.
Overriding State Law
Even if you and your spouse never divorce, accidents can happen. If you
die and you have children from a previous marriage to care for, all of
the property will go to your spouse and children from your current marriage.
Your children from your old marriage might not get a cent of your estate.
If you sign a prenup, you can ensure everyone you love is cared for rather
than relying on state laws to distribute the inheritance.
Avoiding Money Problems
Money problems are one of the biggest reasons many people divorce. Having
a prenuptial agreement can prevent you and your spouse from future financial
arguments. Signing a prenup is an opportunity to cover all economic bases
before the marriage begins. You and your spouse can work out what will
happen if one of you loses your job, which accounts should be joint accounts,
and what expenses should be shared. This allows you to work out all financial
arrangements in advance, so you don’t have to worry about them later.
Last, one of the reasons people do decide to sign a prenuptial agreement
is to protect their own assets in the event you do get a divorce later.
Most people agree to marry another person and intend that relationship
to last a lifetime; however, almost half of all marriages still end in
divorce. Even if you intend to stay with your spouse forever, it doesn’t
hurt your marriage to plan for what will happen if you eventually divorce.
If you never get divorced, you never have to worry about using the prenup.
If you do get divorced, you have an easy way to separate your assets without
needing to go to court.
If you want to discuss a prenup with an experienced
Daytona Beach family law attorney, call us today.
Stepniak & Park have more than 35 years of combined legal experience to offer your case.
Contact us at (386) 868-4771 to schedule your free case consultation!