For many people, the idea of a prenuptial agreement is strange and something that they’ve never even contemplated. For others, it’s a way to protect themselves in case things didn’t work out with their partner.
A good prenup can be hard to create, however, without a little pre-planning.
Points to consider when making a prenup
A prenuptial agreement can be a great way to protect your assets and make sure that you have what you need during divorce proceedings. A well-written agreement will also help with any custody, child support, or spousal support disputes in the future. Here are three things to know:
- Understand what a prenuptial agreement does: A prenup is a legally binding contract that can help protect both spouses before they get married. It also protects the assets of one partner or both partners from being divided up in the event of divorce. There are many different types of agreements, each has benefits and drawbacks.
- Consider the issues you need to address: Prenups can include protections when it comes to the division of the marital assets in a divorce. You can also include protection for children from previous relationships, and protect your assets if there’s infidelity or abuse.
- Know the limitations of a prenuptial agreement: You cannot use a prenup for certain things, including rights when it comes to the custody of the children and child support. Including such provisions could invalidate the entire agreement.
A prenuptial agreement can be an excellent way to ensure that both parties are protected in the event of a divorce. However, they can also lead to misunderstanding and resentment if not handled appropriately. It is important to remember that every situation is different and there may be more than one option for you depending on your individual needs.