When a couple is caught up in the throes of passion and starting to plan their lives together, finances and the proper control of them is often one of the last things that is on their collective minds. However, if you want to ensure that you enter your union as responsibly as possible; putting a prenuptial agreement in place is always wise.
There are many reasons why you should consider contacting a prenuptial agreement attorney to help you to get the plan in place, including all of the following:
You Learn About Each Other
The questions that your prenuptial agreement attorney will ask of you during the course of creating the plan will help you to learn more about your partner and the state of their finances. While each partner will hopefully have disclosed any information about debt or what they earn to their significant other, this is often not the case. In creating a prenuptial agreement, all of this information should be brought out into the open, allowing the couple to figure out the best way to go about resolving the issue.
As distasteful as it may feel to talk about the possibility of divorce before you have even gotten married, it is still something that needs to keep in mind, especially with the divorce rate being as high as it is. A good prenuptial agreement attorney will help you to organize any potential alimony payments that will have to be paid should the relationship come to an end. Of course, these payments will never be an issue if the marriage stays as strong as you feel it is, so there should be no reason as to why this can’t be put in place.
One of the main factors that slows down a divorce is fighting over the marital assets. This is where the work of a prenuptial agreement attorney is able to benefit everybody involved in the union. The agreement will have been signed and put into place at the start of the marriage, meaning that it must be followed should the union come to an end. It will lay out all of the guidelines necessary to determine the splitting of the assets, allowing both parties to achieve a quicker and more amicable divorce that will also end up costing them far less money in terms of court and legal fees.
If you don’t have a prenuptial agreement in place, it is possible that your personal and business finances may end up being under threat should the marriage come to an end. A prenuptial agreement attorney will be able to help you protect your assets and ensure that you don’t have to worry about your partner coming after them should the worst happen. This is particularly important when it comes to business, as there should be no reason for your personal relationships to interfere with anything that revolves around your business. Furthermore, an agreement can be used to protect you from debt created by your partner during the marriage.