Getting engaged is an exciting time when a couple is in love, planning a wedding, finding a new home, and looking forward to their future together. During such happy times, not many people want to think about the possibility of divorce or sign pre-marital agreements. However, such agreements are necessary documents that can offer protection for individuals and assets as well as save both parties time and money in the event of a divorce.
Here are a few reasons why pre-marital agreements are necessary:
- Be prepared for the worst: In the best-case scenario, you and your fiancé sign your pre-marital agreements and just ignore the document as you live your happily wedded lives. However, by preparing for the worst-case scenario, you’re already prepared and removing a little more pressure from the difficulties of divorce. A pre-marital agreement can also be beneficial if a death ends the marriage instead.
- Protect your assets: In the event that divorce should happen, any assets obtained during the marriage will likely be split between both parties. If you have important assets or a share in a company that you wish to protect and officially claim as your own, you can signify this in your pre-marital agreement.
- Begin marriage with honesty: Pre-marital agreements can also help start your marriage with openness and honesty. It will enable both parties to discuss how they wish to handle their finances, property, and more. This can also help clarify anything you might have otherwise disagreed on after marriage.
One of the most important things to remember about pre-marital agreements is that both parties should completely agree with the terms listed in the document before signing it. That’s why it’s so essential to have a good attorney to prepare the legal document. You can trust us at the office of Robert G. Spaugh, Attorney at Law to make sure the wishes of each party are heard while drafting the agreement. Call today to learn more.