Although you might love your spouse with all of your heart, you don’t want to find yourself in a position where you are not protected by a prenuptial agreement. A prenup is a contract that you sign before marriage, this legal agreement will guide the process of your divorce if things do not end up working out with your partner.
While some people are put off by the idea of preparing ahead of time for a divorce, it is an important step to take if you want all of your bases covered. Throughout the United States, prenups are becoming more and more common. In fact, 60% of people remarrying seriously consider getting a prenup before they get remarried. In this blog, we give you six reasons to sign a prenuptial agreement before getting married.
Reason #1: Prenups Speed Up Divorces
Divorce proceedings can sometimes take years to fully wrap up. Especially when spouses have to make multiple court appearances because they can’t agree on the terms of their divorce settlement. Having a prenup before you get married can help prevent you from going through a lengthy court battle with your ex. With a prenuptial agreement, you can quickly end your marriage and move forward with your life.
Reason #2: Fiancé Debt
In many relationships, one partner brings a substantial amount of debt with them into the marriage. If your marriage ends up falling apart, you could potentially end up being responsible for the debts your spouse brought with them into your marriage. A strong prenup will make sure that you are not forced to pay for debts that you did not accumulate. Listing the all of the debts that shared between you and your spouse will ensure that you remain solely responsible for paying the debts that you brought to the marriage.
Reason #3: Protecting Your Inheritance
If your family has money and assets that they plan to keep in the family for you to inherit, then you should consider making a prenup before tying the knot. A prenuptial agreement will make sure that your family’s valuable possessions aren’t taken by your ex-spouse. Without a prenup, you might end up losing your inheritance in the divorce.
Reason #4: Protecting Your Children From a Prior Marriage
If you have property or assets that you want your children from another marriage to inherit, and you don’t have a prenup in place, you can end up losing it all in a divorce. If you already have kids and are about to get married again, you can use a prenup to protect the assets you intend to pass on to your children.
Reason #5: Nearly 50% of All Marriages End In Divorce
Although most people get married thinking that they will be with their partner for the rest of their lives, statistics paint a completely different picture of marriage in the 21st century. Almost half of all marriages in the United States ends with the couple getting divorced. This statistic serves as a reminder that you need to prepare to protect your interests if you plan to marry your partner.
Reason # 6: Protecting Your Income
If you earn more than your significant other, you should think about signing a prenup to avoid the issue of debating about how much spousal support you must pay. Many prenups address spousal support, so you can cap the payment amount and dictate the length of time that your ex receives support for.
At Krusch Law, PLLC, our skilled lawyers have more than 65 years of collaborative legal experience. We can assess your situation and help you make a prenuptial agreement that protects all of your interests. Contact our team of Charlotte divorce lawyers to schedule your appointment today.