Marriages Don’t Last Forever: A PreNup Exists for a Reason
The importance of a prenuptial agreement should be apparent to marrying couples by now. The agreement does not serve to prevent two people from believing in the ideals of marriage, or even doubt the trust between a couple looking to “tie the knot,” but it instead secures stability. You cannot be too careful these days, as 40 to 50% of marriages in the US end in divorce. This is why a prenup exists—to keep an individual’s life intact.
Before getting married, you should know there are a range of factors to consider. This does not only involve sharing finances, properties, and assets, because children are, and always will be, part of the equation.
In the unfortunate event of a marriage falling out, divorcing without a prenuptial agreement will lead to equitable distribution. Of course, who would want to grant their cheating ex-wife or lazy ex-husband more than what they truly deserve? You deserve more than the unfair treatment from your ex-spouse. Why, then, should you hand them your hard-earned money, shares in the business for which your grandfather broke his back, or half of your ancestral property?
Marriages don’t last forever, because they either end in divorce or one of you eventually kicks the bucket. For the unconvinced, here are three reasons why you should get a prenuptial agreement:
- A prenuptial agreement can guarantee that your partner is marrying you and not your bank account.
- A prenuptial agreement, depending on the State you are in, can limit the amount of payable alimony or maintenance or waive a spouse’s entitlement to it.
- A prenuptial agreement in the event of you remarrying ensures the specificity of asset distribution in the time of your passing. You may have children, maintenance obligations, another home, or a range of other assets from your previous marriage. And when you remarry with a prenup, you can settle the beneficiaries of these assets accordingly.
If you’re interested in learning more about why a prenuptial agreement is important, don’t hesitate to contact us.