Benefits Explained by an Expert
Being engaged is one of the happiest times in a person’s life. But the heightened feelings of an engagement can make it hard to think rationally and realistically. The simple fact is that no marriage is guaranteed to succeed. And when they fail, the separation is often complicated and contentious. Before you tie the knot, consider some of the benefits of a prenuptial agreement as explained by a prenuptial agreement attorney.
- You are able to protect the inheritance rights of children and grandchildren you have from a previous marriage.
- If you own a business or private practice, a prenuptial agreement attorney can ensure the business is not divided up in the event of a divorce. Imagine trying to co-own a business with your ex-spouse.
- It is often the case that one member of a couple has more debt than the other. An agreement made before the marriage can protect the debt-free partner from having to take responsibility for debt they did not create.
- In some partnerships one member of the couple plans to quit working or to scale back on work after getting married. A prenuptial agreement attorney can help this partner to calculate how much compensation they have sacrificed on behalf of the marriage and recoup those lost wages in the event of a divorce.
- A prenuptial agreement is not only about money. It can also help couples decide on and agree to many aspects of their marriage before they actually make it official. In it’s own way, working with a prenuptial agreement attorney can actually help to avoid disagreements and conflicts down the road.
- Alimony is always to contentious issue following a divorce. A prenuptial agreement allows both parties to agree to acceptable compensation before getting married.
As you can see, entering into a prenuptial agreement has a lot of advantages. But just as important as having the agreement is having the right agreement. If the document is not carefully drafted it can lead to uncertainty and gray areas if it is ever put into action. Rather than trying to draft the agreement yourself, rely on the experience and insights of a prenuptial agreement attorney. The interests of both you and your future spouse are better served. Contact the Law Office of John E. MacDonald by calling 401.421.1440.