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Prenuptial Agreements may prevent headaches down the road

Anyone who knows a family member or friend who has gone through a divorce knows that the divorce process doesn't always go smoothly. Whatever the reason for the divorce, it is likely that some forms of resentment or ill-will might cross the mind of either spouse. And, since both spouses need to work together to try to make mutually beneficial decisions that are satisfactory to both sides, this can be especially difficult.

For couples on the verge of marriage, the last thing on their minds is the possibility of a divorce, and all the pain and headaches that come along with it. But, divorces are not uncommon. This is why so many couples approaching marriage choose to create a prenuptial agreement.

A prenuptial agreement, or "prenup," is a document formed by consenting future spouses, going over many aspects of both the marriage and what to do in the event of a divorce. Prenups may cover how financial matters are addressed and how costs are split between spouses during the marriage, address how property division is allocated in the event of the end of a marriage or even the death of one spouse.

Although a prenup can be drafted by spouses, there are certain laws and rules that must be obeyed or the entire document may be considered invalid in the court of law. It is therefore recommended that each spouse get the right information to understand how to create a prenup that assures that all your needs and wishes are met in the event of a divorce. And if you have already made your prenup with your future spouse, it may be in your best interest to have it reviewed to make certain that it is legal in the court of law.

Source: findlaw.com, "Can Prenuptial Agreements Help You?" Accessed Jan. 10, 2017

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