Drafting a prenuptial agreement may not be the most romantic aspect of planning a wedding, but it is one of the most important. A prenup is a legally binding document that details how a couple will handle the division of assets in the event of a divorce.
USAttorneys reports that Brad Pitt and Angelina Jolie are calling it quits, but you don’t need celebrity status or millions in assets to benefit from a prenuptial agreement. Although a prenup can protect the spouse who is more financially stable, there are advantages of signing one for both partners. For example, The Wall Street Journal reminds readers that a prenup establishes who gets what when one spouse dies.
If you want to draft a prenuptial agreement and have questions about the process, turn to Melocowsky & Melocowsky. With more than 40 years of combined experience practicing law, our lawyers have the knowledge to protect your financial and personal interests. Call 860-633-6356 to schedule a consultation with a family lawyer in Hartford.
Read on to learn three reasons to get a prenup:
- Divorce can be financially devastating.
Even for hugely successful power couples like “Brangelina,” divorce can be a messy, drawn-out, and expensive process. International Business Times estimates their combined net worth to be $400 million, but not everyone has assets like that from which to draw a reasonable divorce settlement. In addition, transitioning from a dual-income household to a single-income one is challenging for most.
While you should always hope for the best, you can still plan for the worst by drafting a prenuptial agreement, which is one of the best ways to protect yourself financially in the event of a divorce.
- A prenup can strengthen your relationship.
It might seem counter-intuitive, but drafting a prenuptial agreement can actually bring you and your spouse closer together. When writing a prenup, you will have to discuss both of your financial situations openly and honestly.
Since financial differences play a significant role in divorce for many couples, drafting a prenuptial agreement is actually an effective way to open the lines of communication and ensure you and your spouse are on the same page before getting married. If one spouse is much wealthier than the other, a prenup will also ensure the couple is getting married for love and not money.
- It eliminates stress of the unknown.
In addition to strengthening your relationship before you actually wed, a prenuptial agreement will also eliminate certain pressures once you are married. You and your spouse will already know what will happen if you divorce, and neither party will feel trapped in the marriage for fear of financial loss.
If you are in the process of planning a wedding and you want to ensure you and your spouse have a certain level of financial protection, turn to a family lawyer at Melocowsky & Melocowsky for help drafting a prenup. Call 860-633-6356 to schedule a free initial consultation with a Hartford divorce attorney.