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Caring For Generations

Should we get a prenup?

On Behalf of | Feb 5, 2020 | prenuptial agreements

Many people, when they walk down the aisle, do so with a very complicated financial past. There are many reasons why people across the United States are looking into prenuptial agreements, and it is not due to a lack of romance. In fact, having a prenuptial agreement can provide one of the most romantic things of all: peace of mind. While not every marriage necessarily needs a prenuptial agreement, plenty of partnerships would benefit from one. According to Forbes Magazine, a prenuptial agreement is particularly important if you or your partner is a business owner.

The reason for this is that there is a possibility of the business being legally considered marital property after marriage. In the event of divorce, there is a danger that the business and its assets could be split up just like any other piece of joint property. To prevent this from occurring, a prenuptial agreement can state that the business will remain the property of the partner who owns it. Prenuptial agreements can also be very useful for couples who are thinking about going into business together. In the event of a divorce, the prenuptial agreement will provide a legal blueprint as to how responsibilities and assets will be divided.

Another common reason to get a prenup is if one partner comes into the relationship with considerably more assets than the other partner. This is probably the most common reason why celebrities get prenuptial agreements, since they make potential divorce a lot less financially risky. Prenups can also help older couples get married while making appropriate financial provisions for children from prior marriages.

Not every couple needs a prenup, but they can help make the legal side of marriages go much more smoothly.