Marriage is a scary thing, especially when you have a lot on the line.
When you get tied to another person, so do your belongings. If you were to get divorced, your house, your finances, and even your precious belongings can end up on the chopping block – unless you use a prenup.
You might be wondering what’s the point of a prenup in a happy relationship, though. Here are some reasons you might want to consider it.
What’s the Point of a Prenup
Prenuptial agreements, or prenups, are legal documents outlining how a couple’s assets will be split between them should they get divorced. As gender equality has progressively become the norm, more and more couples are using prenups to ensure their future.
In fact, millennials are marrying later in life than the previous generations in order to accrue more financial security. Young women today are also much more likely to be working than women of the past.
A prenup protects your family property and can also establish property rights and distribution in the case of a divorce. No need to worry about families battling out in the courtroom.
Valid Points of a Prenup
So, what’s the point of a prenup in the case of a happy relationship? After all, if there’s an “out” in a relationship, then you can’t possibly be that devoted to making it work.
However, there are a few reasons to have a prenup even if you’re willing to risk it all in your marriage.
For one, if you’re starting or already own a business and could possibly accrue a lot of debt, a prenup can make sure that your debt doesn’t pass over to your partner.
Sometimes, a prenup can simply give you peace of mind.
This can help when you’re entering into a second marriage and you’ve had some bad experiences with your previous divorce. It’s can be comforting knowing that if your partner did become a threat to your livelihood later on in your marriage, that your finances are legally secure.
Using an Attorney
If you do decide to utilize a prenup, make sure that you reach out to a prenuptial agreement attorney in your area to help with the process. Handwritten prenups aren’t necessarily accepted in the court of law, so you’ll need them to make it valid.
Additionally, an attorney can help you iron out all the details in your agreement and make sure there aren’t any loopholes. The last thing you want is to lose your house to your ex on a technicality.
Having a lawyer on retainer also protects you from future legal difficulties, such as with your ex’s relatives.
Protect Your Assets
What’s the point of a prenup if it isn’t legally secure? In order to protect your property and keep complete control of your finances, reach out to an attorney to triple-check your documents.
For help with that and other similar courtroom drama, check out our other articles on cybercrime, criminal law, and more.