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Pre-Marital Agreements

Who Needs A Pre-Marital Agreement?

Pre-marital agreements, or prenuptial agreements, are often portrayed as a bet against the longevity of a relationship, that is not necessarily the case. If you are preparing for your wedding and the idea of arranging a pre-marital agreement has come to mind, there is probably a good reason. Prenups are meant to protect both spouses from the future, much like a will.

How can a prenuptial agreement help a couple?

Pre-marital agreements are a way for conscientious couples to agree on their individual rights and responsibilities while married and what to expect, whether the marriage ends in divorce or death. A good prenup can strategize the problems and windfalls in the road ahead of you so that when events happen, you know how you are going to respond. They can take into consideration who gets grandma’s heirloom wedding ring if the marriage ends without children, what happens if you win the lottery, and more.

Do I need a prenup?

If you are planning on getting married, you should consider a pre-marital agreement if:

  • One partner has full or partial ownership of a business
  • One or both of you have children from a previous marriage
  • One partner is much wealthier than the other
  • One partner is much older than the other
  • One partner is in debt
  • One partner will be supporting the family while the other partner is in College
  • One or both of you have significant assets
  • One partner is retired
  • One partner will be receiving an inheritance

If you identify with any of these parameters give us a call and we’ll help you know if you need a prenuptial agreement and help you know how to broach the conversation with your fiance.

Give us a call and we’ll help answer your questions and help you get started.

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