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Prenuptial Agreements Archives

Why married couples should maintain some financial independence

When couples get married, they merge many aspects of their lives. Generally, this includes their finances, since they are usually each contributing to the mortgage, household expenses, child care, vacations and incidental costs.

What prenups are and what they cover

Despite the fact that state laws already exist surrounding how property and other assets will be divided in the event of either your spouse's death or a divorce, many couples elect to have a prenuptial agreement drafted to protect their interests. As a result, if you have a prenup in place, a judge will take into account the terms of your agreement in rendering decisions before finalizing your divorce.

Prenuptial agreements can provide protection in case of divorce

The blissfulness of marriage is something that you're probably looking forward to when you ask your significant other to marry you. It is important that you realize that marriage isn't all fun and games. It takes hard work to make a marriage work. Unfortunately, not all marriages will respond to the hard work. Some marriages are going to end in divorce.

What could cause a prenuptial agreement to be invalid?

It's wise for just about every couple who gets married to have a prenuptial agreement. Among other things, it can define individual assets and debts that the two people are brining into the marriage and how those accumulated during the marriage will be divided in a divorce.

Why common-law marriages can be tricky

There's still a widespread belief that if a couple has lived together for a specific number of years (seven is the commonly-cited number), they are in a "common-law marriage." Ending that relationship, some believe, may entitle them to spousal support, an equal division of property and other elements of divorce.

When should you definitely consider a prenuptial agreement?

A prenuptial agreement can be beneficial to just about any couple getting married. Even if you don't have considerable assets or debts, the conversation regarding finances and your plans for the future that a prenup necessitates is worthwhile for two people embarking on a future together.

More prenuptial agreements are being initiated by women

When prenuptial agreements first came on the horizon, they were generally used by wealthy men marrying women with few assets because they wanted to protect their wealth in the event of a divorce. Now, with more women in high-paying jobs, it's becoming more common for them to be the ones asking for a prenup before they walk down the aisle.

Whether you get a prenup or not, talking about money is essential

There are a number of advantages to getting a prenuptial agreement before you get married, even if you're just starting out and haven't accumulated a lot of assets that you're concerned about protecting. One of these is that it forces couples to talk about money.

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