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Posts tagged "Prenuptial Agreements"

What are the main benefits of a prenuptial agreement?

Believe it or not, prenuptial agreements can often prevent future conflict between married couples if drafted carefully. This is probably one of the top benefits of putting these documents into place. When approached with thoughtfulness on the part of each spouse, they can go a long way towards preventing problems. A prenuptial agreement can also offer a predetermined solution if conflict does occur.

It can help to think of marriage like a business

Most people don't think of marriage the same way that they think of running a business, primarily because of the involvement of love and related emotions. People think of business in a very professional sense, and it can even come across as cold and calculating. This isn't the way that they want to look at a marriage, which is supposed to be one of the happiest times of their lives.

Can you draft a prenup the day before the wedding?

You may not have cold feet the day before you get married, but you may start considering all of the ramifications of the marriage and wondering what you can do to protect yourself. That could quickly lead you to the idea of a prenuptial agreement, which is a legal document that can essentially lay down some ground rules for a divorce—saying which assets go to you and which go to your spouse, for example.

The increase in social media prenups

Concerned that you aren't going to have full control over what your spouse says about you online? You're not alone, and many people are actually getting prenuptial agreements that dictate how social media can be used after the marriage. This has been on the rise as social media grows more and more popular and widely used.

A prenup may be more needed for those marrying later in life

The cliche engaged couple is still rather young, perhaps fresh out of college, without any serious income or children. They may not even have full-time jobs yet, and they have probably not accumulated any wealth. As such, though they can use a prenup, it's a bit harder to find a reason to do so.

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