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7 Reasons to Consider a Prenuptial Agreement Before Getting Married

DuPage County premarital agreement lawyerWhen a couple is planning to get married, the possibility of divorce is likely the last thing on their mind, and planning for what should happen if their relationship ever ends may seem distasteful. However, it is often a good idea to create a prenuptial agreement which can provide both spouses with legal and financial protections if they should ever decide to divorce. Here are some reasons that you may wish to have a prenuptial agreement before you get married:

  • Income disparity - When one spouse earns a higher income than the other, this may put the lower-earning spouse at a disadvantage if they decide to divorce. A prenuptial agreement can be used to decide whether one spouse will pay spousal maintenance (alimony) to the other if their marriage ends.
  • Ownership of assets - The property that a person owns prior to getting married is considered non-marital property that is not subject to equitable division between spouses during divorce. However, marital and non-marital property can often become commingled, making it difficult to determine what should be divided between divorcing spouses. A premarital agreement can be used to specify how ownership of certain assets will be handled during divorce.
  • Significant debt - If either spouse has a large amount of debt when they are getting married, a prenuptial agreement may specify that the other spouse will not be responsible for paying any of this debt after divorce.
  • Business interests - A business owner will want to ensure that they will be able to continue operating their business, no matter what happens during their marriage or divorce. A premarital agreement can determine how business ownership will be handled if the marriage ends.
  • Blended families - Spouses who have children from a previous relationship will want to be sure their children are provided for. In these cases, they may use a prenuptial agreement to safeguard certain assets and ensure that they are used to support their children.
  • Inheritances - If either spouse expects to receive an inheritance from a family member during the course of their marriage, they may use a premarital agreement to protect inherited assets from division during divorce.
  • Reputation - In today’s connected world, information posted online can have consequences to someone’s personal life and career. Spouses may wish to use a prenuptial agreement protect their reputation by stating that they are not allowed to post disparaging comments, pictures, or videos about each other on social media.

Contact a DuPage County Family Law Attorney

If you are planning to get married, and you have concerns about what will happen if you ever get divorced, the attorneys of Anderson & Associates, P.C. can help you create a prenuptial agreement that protects your rights and financial interests. Contact a Wheaton prenuptial agreement lawyer at 630-653-9400 to schedule a free consultation.

Sources:

http://www.divorcemag.com/articles/4-reasons-to-consider-a-prenuptial-agreement

https://www.huffingtonpost.com/kyung-kathryn-dickerson/5-reasons-for-a-prenupeve_b_10636902.html

http://time.com/money/4801340/prenups-what-to-include/

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