It can be hard to see the reasons why getting a prenup is a good idea when you’re just so in love with your significant other, but prenups do so much more than just prepare you for a potential divorce somewhere in the future. Prenups allow you and your future spouse to plan for many financial aspects of marriage, especially if either of you is entering the marriage with a significant amount of assets or debt, children from a previous marriage, and so on. Here are some of the key reasons why it’s important for couples to get a prenup before they get married.
Reason #1: Financial Strain is One of the Main Causes of Divorce in the United States
It seems like there could be 101 reasons why people get divorced other than financial strain, but issues with finances definitely tops the list. Prenups help to avoid many of these issues because they encourage couples to sit down and talk about their finances in a professional manner with a professional in the field. Talking about things like debt, assets, child support, supporting children from previous relationships, and more allows couples to discuss issues they are currently facing and any issues they think they might have in the future. This opens the floor for taking care of issues right away so they don’t creep up later on in the marriage.
Reason #2: Protect Your Assets
If you or your partner is going into the marriage with a significant number of assets, it’s important to ensure they are protected just in case the marriage doesn’t work out. While this is something that probably feels like will never happy–and is something that might not ever occur–it’s a good idea just in case. This way, if you do divorce, it’s a lot less stressful for both parties. In addition, prenups can also protect your property against creditors during a divorce.
Reason #3: Plan for the Future
Prenups also open the floor for discussing the future, as in how are you going to support any children you may have or already have, what are you going to do financially if one of you dies unexpectedly, and how you plan to pay for any big expenses you see in the future, such as buying a house or paying for your children’s college tuition. While prenups don’t always cover all of these things, they allow couples to have a mature, professional discussion about them before the marriage, thus strengthening their relationship, financial status, and stability.
Call the Quiñonez Law Firm Today!
If you’re getting married and are looking to plan for the future by creating a prenup for you and your partner, the prenup lawyer at the Quiñonez Law Firm can help. Give us a call today to learn more about our services.