What are the benefits of signing a prenuptial agreement?

On behalf of Barli & Associates LLC posted in alimony on Wednesday, February 28, 2018.

The benefits of a signing a prenuptial agreement are clear and numerous. For this reason, many modern day spouses, especially those from the millennial generation, are signing the dotted line before they say “I do.”

Although having “the prenuptial agreement talk” is never entirely easy, and it could make some spouses-to-be feel downright upset or insulted, it’s still an important discussion to have. There are many benefits related to prenuptial agreements that are significant enough to inspire many to go through with the process.

A prenuptial agreement allows spouses to face financial issues before marriage rather than having them cause problems later on down the road. It also allows spouses to keep their familial inheritances and preserve the financial ties they have with their families.

If a prenuptial agreement is a requirement for you to get married, but your spouse refuses to sign the document, it helps you understand whether or not the two of you are actually compatible.

Your prenup will protect the future inheritance of your children from previous marriages. You can also use a prenuptial agreement to protect your business assets and personal assets owned prior to marriage.

Finally, your prenuptial agreement will create an action plan for your divorce if necessary, making the process of dissolving your marriage faster, more respectful, more cost-effective and less stressful.

If you’re planning to get married, now is the time to plan your prenuptial arrangements. However, it’s important to remember that you must agree to and sign this document well in advance of your actual marriage date to avoid the threat of it being invalidated later on down the road.

Source: The Spruce, “Prenuptial Agreements: the Pros and Cons,” Sheri Stritof, accessed Feb. 28, 2018