Why a prenuptial agreement is good for your marriage

Prenuptial agreements get a lot of press as something that people only do to protect themselves; some people may even be offended when a soon-to-be spouse wants to have one. The truth is that prenuptial agreements can protect you and your spouse if it's negotiated correctly.

There's no hard and fast rule that you have to sign the prenuptial agreement presented to you, and your attorney may be able to help you negotiate better terms. In the agreement, you can designate income to certain things, make requests for compensation when certain terms are met and make agreements on what happens to your assets if you decide to divorce.

It can be beneficial to get a prenuptial agreement if you earn more than your spouse, have children or have been married before. When you've been married in the past, things like your child support payments can get confusing, so pointing these out and designating what happens to them in your prenuptial agreement can help. Noting that you have children and stating what happens if you can't take care of them is also possible with a prenuptial agreement; you can designate funds to them and have a financial plan in place in case of emergency.

Another good reason to have a prenuptial agreement is debt. If you get married, your spouse's debt can quickly become your own, but you can state in a prenuptial agreement that you agree not to take it on. Our website has more information on prenuptial agreements and how you can move forward with one when you're getting ready to get married.

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