Marital agreements can offer couples many benefits, both in divorce and in marriage. Although these documents don't seem very romantic, when used correctly, they provide couples with guidelines on how to address financial matters. As you might expect, this can be just as valuable when divorcing as it can be in a healthy relationship.
You probably already know a good deal about the prenup, which is an informal term for a prenuptial agreement or contract. If you are already married, it is too late for a prenup, but you can still create an effective contract for you and your spouse. Like the prenup, marital agreements entered into after marriage can help to protect your rights if you and your spouse decide to get divorced.
The unfortunate truth is that divorce has become extremely common in the United States. This trend has been consistent for the past couple decades and does not appear to show signs of changing anytime soon. With the divorce rate figures being what they are, it is important to consider ways to protect yourself if a worst-case scenario occurs in your marriage.
The rate of divorce has been increasing during recent decades. Unfortunately, divorce is often messy and unpredictable. It is for this reason that couples create a prenuptial agreement before entering marriage.