What Should I Know About Prenuptial Agreements?

Divorce Lawyer

What is the first thing that comes to mind when you hear the term “prenuptial agreement”? If you are like many Americans, the first thing that may come to mind is the concept of “divorce insurance.” Several decades ago, prenuptial agreements were used in this way. They were used by wealthy couples and individuals who had been married before as a way to protect themselves and their assets in the event of divorce. It is important to understand that times have changed. Yes, prenuptial agreements can still be used to protect property in the event that a marriage doesn’t last. But nowadays, the process of creating an enforceable prenuptial agreement is more often used by couples committed to going the distance. How can a prenuptial agreement make a union stronger? We are glad you asked.

Prenuptial Agreements – The Basics

At its most basic, a prenuptial agreement is simply a legal tool designed to help couples set enforceable expectations related to their marriage. Most of the time, couples never end up needing to enforce the provisions of a prenup. However, working with an experienced attorney in order to draft a prenuptial agreement is a uniquely valuable use of time. The process of drafting a prenuptial agreement compels couples to sit down and discuss important issues like debt, existing assets, allocation of income and home ownership. By talking about these issues now (especially money-related issues, as they are among the most common sources of marital tension), a couple can begin their married life with a solid foundation of trust and expectations. If you wait to discuss these important issues until after you are married (or you only approach them in a cursory “what if” kind of way) you will miss a critical opportunity to avoid preventable tensions in your most important relationship.

By working with an attorney to draft a prenuptial agreement, you set the stage for a healthy, open and honest relationship moving forward. You may uncover expectations and concerns you previously did not realize you had. By exploring these issues together, you will also develop critical communication skills when it comes to tackling “the tough stuff” in life. And as any couple who has been married for more than a few years can tell you, such skills are invaluable.

Legal Guidance Is Available

If you have questions about prenuptial agreements, please do not hesitate to schedule a consultation with an experienced family law attorney today. Engaging in a consultation will not commit you to drafting a prenuptial agreement. Instead, it will simply serve as a conversation in which you can obtain answers to your questions, voice any concerns you may have and become empowered to make an informed decision about your legal options.

There are very few grounded reasons to avoid the process of drafting a prenuptial agreement, but every couple is different. Regardless of whether you ultimately decide to take advantage of this legal and practical process, a law firm will be happy to provide you and your future spouse with experienced guidance and support. Contact a law firm today for a consultation.

Source: Divorce Lawyer Bloomington, IL, Pioletti & Pioletti