5 Reasons Why You Should Consider Getting a Prenuptial Agreement

 Posted on May 09, 2019 in Uncategorized

When you see wedding bells in your near future, there are probably 101 things on your mind -- and a prenuptial agreement is not likely to be one of them. Though it can seem unromantic and it may feel like you do not trust your future marriage, a prenuptial agreement can be a hugely beneficial tool in the event that you and your spouse ever get divorced. Prenuptial agreements give you freedoms from certain laws that you would not otherwise have. A prenuptial agreement is a legal document that allows you and your spouse to basically plan your divorce before it happens. Prenuptial agreements allow you to address issues such as property division, spousal maintenance and ownership of businesses or professional practices.

Prenuptial agreements are not just for the rich and famous -- they are useful for almost everyone. Here are a few reasons why you may want to consider getting a prenuptial agreement before you tie the knot:

1. One of You Has Been Married Before

If this is the second trip down the aisle for either you or your spouse, you should strongly consider getting a prenuptial agreement. A prior marriage means you are probably coming into this marriage with more property and you may have other obligations from your previous marriage, like child support. A prenuptial agreement can protect these obligations.

2. There Is an Inequality in Wealth Between You and Your Spouse

If one of you makes significantly more than the other person or one of you is expecting to receive a large inheritance, you may want to protect those assets with a prenuptial agreement. You should also consider spousal maintenance: If you make significantly more than your spouse, you may end up paying more in maintenance if you do not have a pre-existing agreement.

3. One of You Has Significant Debt

Likewise, if one of you comes into the marriage with thousands of dollars worth of debt, a prenuptial agreement can prevent the other person from being responsible for that debt. This can also address any debts that you or your partner take on while you are married.

4. One or Both of You Own a Business or Professional Practice

A prenuptial agreement can be especially helpful for business owners. These agreements can ensure that your business remains entirely with you if you were to get a divorce. Otherwise, you may owe your spouse a portion of your business.

5. One of You Plans to Not Work

If one of you does not plan to work during the marriage, a prenuptial agreement can ensure that you will be provided for if you were to get a divorce. This can be especially helpful for stay-at-home parents if they have been out of the workforce for some time.

Contact a DuPage County Prenuptial Agreement Attorney For Guidance

Though it may seem rather unromantic, a prenuptial agreement can be prudent for many couples. If you are on the fence about getting a prenuptial agreement, talking to an experienced Wheaton prenuptial agreement lawyer can help you make a decision. At the Goostree Law Group, we can help you draft a sound prenuptial agreement that will hold up in court if you ever have to use it. Contact our office today at 630-364-4046 to schedule a free consultation.

Sources:

https://www.bankrate.com/personal-finance/smart-money/why-engaged-couples-should-sign-a-prenup/

https://www.theknot.com/content/what-is-a-prenup-should-you-get-one

https://www.businessinsider.com/reasons-to-sign-a-prenup-before-marriage-2018-10

https://legalbeagle.com/13184560/6-reasons-to-get-a-prenup