Preparing for a wedding is a time of love and happiness. Discussions about the location of the wedding, who to invite, and the potential of children down the road can all be fun conversations. However, some discussions are much more difficult to prepare for. Broaching the subject of a prenuptial agreement with your partner can be one of the most difficult conversations of your life, but it can also be one of the most important. In the case of a divorce, the lack of a prenuptial agreement could cost you.
When Is a Prenup Needed?
A prenuptial agreement is a document that details exactly what will happen to a couple’s finances in the event of divorce, including how certain property will be divided and whether one spouse will pay financial support to the other. In certain circumstances, a prenup can be incredibly important, ensuring that you have a secure financial future, no matter what happens in your marriage. A prenuptial agreement can be especially helpful if you have children from a prior marriage, if one party owns a business, or if you or your partner have significant assets going into the marriage. If you believe that a prenuptial agreement is important to securing your financial well-being, speak with a qualified family law team.
Speaking With Your Future Spouse About a Prenuptial Agreement
Having a conversation with your partner about the future of your finances can be tricky, but there are ways in which you can approach the discussion in a compassionate and respectful manner. Here are some things to consider:
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