May 22, 2017

When should you get a prenuptial agreement?

When you are organizing wedding plans and getting ready to share your life with another person, you may feel overwhelmed with the critical decisions that must be made. From decorations and venues, to documents and appointments, your life may be flooded with a host of issues that need to be resolved. One important thing to consider amidst the chaos is whether or not to sign a prenuptial agreement. You don’t have to be famous to sign a prenuptial. Any couple who enters a marriage with property or a business may want to think about protecting those items.

Although no one enters into a divorce with the intention of getting divorced, the Centers for Disease Control and Prevention reported that more than half of all marriage end in divorce. When a couple separates, it can be difficult to divide the marital property that the couple amassed during the years of marriage. A prenuptial agreement is a legal document that allows couples to preserve their right to certain property and/or assets if a divorce should occur.

Since many people are entering into marriage for the second or third time, it is especially important to protect the property and assets they have from previous marriages. You may have children from a prior marriage that are entitled to property that you don’t want co-mingled in with the new marriage. If you overlook creating a prenuptial agreement in all of your marital planning, you may still file for a postnuptial agreement. However, it may be better to plan these details at least four months prior to your marriage so you no longer have to worry about these important decisions.

This information is intended to educate and should not be taken as legal advice.