Thursday, October 4, 2018

Top 7 Reasons to Consider a Prenup

Are you recently engaged or thinking of popping the question in the near future? While this is an exciting time, it's important to plan ahead for your future together. As you and your soon-to-be spouse prepare for your big day, you can easily get caught up in the hustle and bustle of wedding planning. As an experienced lawyer at the Lake of the Ozarks, we know how important it is to think beyond your wedding day. Signing a prenuptial agreement may seem like a tough subject to bring up but it's an important discussion that needs to take place before the big day is here. If you are wanting your spouse to sign a prenup, bring it up right away. Be upfront about your feelings and don't wait until the last minute to spring the news on your future spouse. If you're debating signing a prenuptial agreement, take a look below for some of the clear reasons why you should!

Reason #1 - The rate of divorce.

Almost half of all marriages end in a divorce. This fact is astonishing to many and can make you nervous for the future. While you're entering into a marriage, you don't plan on getting a divorce - it can still happen. Feelings change, people change, and situations change in which you may not feel like you once did and wish to lead separate lives.

Reason #2 - Significant financial difference.

If one of you make a significantly higher income, it's a good idea to protect your assets with a prenup. Whether it's a high paying position at work or a wealthy family, you and your future spouse should sign documentation to decide what will happen in the future, if there is a problem with the marriage.

Reason #3 - Previous divorces or children. 

If you have a history of divorce, you know how hard the process is. Also if you or your spouse have children from outside the marriage, it's a good idea to have a plan as to what will happen if the marriage doesn't work out. Try outline a plan ahead of time, should the marriage dissolve. This can help alleviate a big headache down the road if you have already worked out an agreement.

Reason #4 - Business ownership. 

If you or your significant other owns a business, a prenuptial agreement can help protect that venture, should the marriage end. If the business owner has partners, they may insist on a prenup being signed to help better protect the business. While getting married is an important life decision, you still need to look out for your business and other assets in the process.

Reason #5 - Unpredictable Future

The future is unknown. While no one plans on getting a divorce while they enter into a new marriage, the truth is that it does happen. Since there is no way to predict the future, it's best to legally protect yourself and your assets with a prenup before saying "I do".

Reason #6 - Make things easier down the road. 

Signing a prenuptial agreement can help create a plan as to what happens to the assets of each individual in the marriage. This can come in very handy if the marriage does end. This plan can easily be executed and creates a less-stressful divorce process if it comes down to that.

Reason #7 - Plan to stop working. 

If you or your spouse plan to stop working once you get married, a prenuptial agreement is a good idea. It can help protect the asssets of both parties. Whether you both decide it's best for one of you to stay home with the kids or are in a good financial position to have one income, it's important to sign an agreement to help protect the income and exisiting assets of everyone involved.

Now that you know some of the reasons why you should sign a prenup before you get married, you're ready to have that discussion with your soon-to-be spouse. Establishing a prenuptial agreement near the Lake of the Ozarks is in no way planning on getting a divorce before you even get married - it's an important document to help protect you and your future spouse's assets and plan for the unpredictable future. If you're wanting a prenup drafted, contact Gibbons Law Firm today. Our Lake of the Ozarks attorney can easily assist in your prenuptial agreement and ensure all the legal aspects are documented accurately.

Remember, your initial consultation with Gibbons Law Firm is always free.

Your Trusted Legal Resource

Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049
(573) 348-2211

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