If one follows celebrity news and gossip it may seem like everyone is getting a prenuptial agreement these days. But prenuptial agreements are not just for celebrities. They are becoming more and more popular for many engaged Birmingham couples. Although it can be hard for a couple to think about their marriage ending in divorce, there can be many advantages to drafting a prenuptial agreement prior to the wedding vows being exchanged.
A newly engaged Birmingham couple have a lot of exciting things on their mind. Planning a wedding takes a lot of time and money and it can be both exciting and stressful. Although a prenuptial agreement may not seem like the most romantic thing, it does have many advantages. One benefit is it’s way of documenting what each person brings to the marriage, including assets, debt, and property. A prenuptial agreement can also detail what special arrangements a couple would like to spell out. Marital and community property can also be documented along with establishing a procedure on how to handle issues that may arise in the future. If there are children from a previous relationship, a prenuptial agreement is highly recommended.
A couple may worry that discussing a prenuptial agreement may lead to bitter fights and hurt feelings. But the reality is that putting financial matters out in the open before marriage is a great way to understand where both individuals are coming from and establishing a baseline that both people can agree to. A legal professional skilled in family law can help a couple draft a prenuptial agreement that is unique to their situation. They have the experience necessary to know what is important to include in a prenuptial agreement and can help their clients work through their assets and debts to draft a fair agreement.
A couple who has a prenuptial agreement in place often has a divorce that goes smoother and with fewer disputes. No couple anticipates their marriage will end in divorce, but having a plan in place in case it does is smart to ensure a person’s future is protected.
Source: findlaw.com, “How to determine if a prenuptial agreement is right for you“, accessed on Dec. 29, 2016