Have you ever considered a prenuptial agreement or heard the term when you were engaged to someone? If so, this is the blog for you. Our family law attorneys at the Lake of the Ozarks are here to give you a few tips on the pros and cons of prenuptial agreements in this week's blog. If you are ever unsure on whether or not this is the right route for you to take, please give us a call today. Get all the facts upfront so you can be clear on your decision and not jump into something irrational. Gibbons Law Firm can be reached at 573-348-2211. If you'd like to schedule a consultation, please know that your first one is free.
The Pros and Cons of Prenuptial Agreements
THE PROS
SAVES YOU THE TROUBLE.
Clearly, no one ever plans to get divorced, but unfortunately, it does happen. If it does, having a prenuptial agreement set in place can make things run MUCH more smoothly.
KEEPS YOU FROM BEING TAKEN ADVANTAGE OF.
If you clearly have more assets than your soon-to-be spouse, you may have a slight sense of worry. You never know how a marriage can end and in situations like this, sometimes it may feel best to plan the for worst and hope for the best! Having a prenuptial agreement in place can protect your assets in the event of a divorce.
KEEP FROM BURDENING YOUR SECOND SPOUSE.
Children support obligations and a home with a previous spouse can all affect your second marriage. It's important to protect your assets and help to make sure your financial burdens stay your own if your next marriage does not work out.
DEBT PROTECTION.
When you marry someone, you can be partially responsible for their financial debt. If your marriage ends, you may be stuck with part of this debt load, even if you did not help accrue it. A prenup can help to make sure you are not burdened with debt that is not yours.
THE CONS
AWKWARD TO BRING UP.
Clearly, the subject of "prenups" is not a comfortable topic to discuss, especially with someone you're in love with. You may cause a disconnect with your partner just by bringing it up in the first place.
YOU MAY DISAGREE ON THE SUBJECT.
If a prenuptial agreement is something you're considering, you need to make sure that both you and your future spouse are both on board. If you come off like you are forcing your fiance into this, that could cause major problems for you in the future and may even put a damper on your marriage. Bottom line, if you're both not comfortable with a prenuptial agreement, then you probably shouldn't do it.
Are You Considering A Prenuptial Agreement?
If so, please give us a call today. Gibbons Law Firm can make sure you know what you're getting into and answer any questions you may have. We can be reached at the phone number listed below. You can also follow us on our social media channels listed below to stay up to date on our legal tips, announcements, and current events we may be involved in.
Remember, your initial consultation with Gibbons Law Firm is always free.
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