Preparing for a wedding is a busy, thrilling, and nerve-wracking time. There are so many things to think about and so much romance in the air that considering a prenuptial agreement is often the last thing on the bride or groom’s mind. After all, nobody gets married believing that they will eventually get divorced.
Unfortunately, the statistics on divorce are clear. Many marriages do eventually come to an end, and many divorces are hostile and combative in nature. Although it may feel as though such a thing could never happen to you, spending just a few hours on a prenup now could protect you from months or even years of conflict, heartache, and expense in the future. Here are some common reasons couples get prenuptial agreements.
Protect Your Assets
This is perhaps the most common reason for a prenup: One spouse has valuable assets and wishes to keep them in their entirety if the marriage ends. A prenup can protect real estate, investments accounts, small and large businesses, and even overseas assets. Clearly outlining these things in a prenup can prevent extended litigation and negotiation during a divorce....