When you are in love and planning to get married, the last thing you want to think about is the fact that your marriage might not last forever.
However, the reality is that almost half of marriages end in divorce. That’s why it’s important to consider protecting yourself with a prenuptial agreement.
What is a prenuptial agreement?
A legal contract that determines how assets will be divided and protected in the event of a divorce.
What are some of the advantages of a prenup?
A prenup is going to help keep valuable assets in the family, shield you from your spouse’s accumulated debts, protect the financial stability of your children, safeguard your business, and streamline the divorce process (thus preventing lengthy, emotionally and financially-draining court battles).
What else do I need to know?
Whether to enter into a prenup is a very personal and complex decision. For instance, you may want to protect your family-owned business, assets, or children in the event of divorce. You may already be divorced and want to avoid the emotional and financial expense of a court battle.
There’s no one-size-fits-all solution and you should base your decision on your own unique circumstances. If you feel that this conversation could be awkward, consider reaching out to an unbiased professional who can provide guidance and support.