Before you discuss the creation of a prenuptial agreement with your partner, it's important to first learn more about its many benefits. With these in mind, you'll better understand if it makes sense for someone in your position.
No two couples take the exactly same approach to creating a prenuptial agreement; however, there are some benefits that most people take full advantage of. These include:
- A prenuptial agreement can protect inheritance rights, such as if you have children from another marriage
- A prenuptial agreement can protect your ownership of or interest in a business or professional practice.
- A prenuptial agreement can protect you against debt that your spouse brings into the marriage.
- A prenuptial agreement can limit the amount of alimony you are required to pay if you divorce.
- A prenuptial agreement can protect your finances in the event that you have gone through a divorce in the past.
All of these things are important to think about, as they can impact you now and in the future.
Take for example a situation in which your partner is bringing a lot of debt into the marriage. Without a prenuptial agreement, you could find yourself responsible for some of this debt in the event of a divorce.
It's never easy to ask for a prenuptial agreement, as your partner may take your request the wrong way. Once you lay out your feelings and discuss your thoughts on the future, everything will come together. It's at that point that you can discuss the pros and cons of a prenuptial agreement, as well as the legal rights of both individuals.