Getting married is a big decision. If you’re considering marriage, you may have heard the term “prenuptial agreement” (“prenup” for short). In short, a prenup is a legal agreement designed to protect the financial assets of one or both parties in the marriage.
If for example, you’ve invested considerable money in real estate, you may want to sign a prenup with your spouse that delineates what will happen to your assets in the event of a divorce.
Prenuptial agreements are hard to talk about but can give you peace of mind regarding your finances and your spouse’s finances.
Prenups aren’t for everyone. In many cases, these contracts are most helpful for couples with high-net-worth assets, such as real estate, family heirlooms, or money.
Every opinion has two sides. While many couples choose to establish financial expectations for their marriage (and after the marriage), many argue these contracts reflect a variety of bad traits in the relationship. Common arguments against prenuptial agreements are:
If you and your spouse are talking about a prenuptial agreement, take the time to consider the pros and cons of your decision. If you and your fiancé want to safeguard your financial assets against a potential divorce, the Denver family law lawyers at Modern Family Law can provide the guidance you need.
On the other hand, if your relationship suffers from distrust or negativity, solving these problems may be more important than making a snap decision to sign a legal agreement regarding your assets. For more information about prenuptial agreements, and to see if a prenup is right for you, call our office now.
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