Reasons to Consider a Prenuptial Agreement

HomeBlogReasons to Consider a Prenuptial Agreement

There is no doubt that television shows and movies have given most of us an idea about the advantages and potential pitfalls of having a prenuptial agreement. Unfortunately, they are portrayed differently in most cases than what they really are and how beneficial they can be. Here are a few reasons why you should consider having a prenuptial agreement in place before walking down the aisle.

Reasons to Consider a Prenuptial Agreement

  • Wealth disparity- It is not a surprise that those with great wealth seek a prenuptial agreement. It isn’t that they expect a divorce as much as they want to rule out that the person that they are to marry is more in love with them than their money.
  • Income disparity- A prenuptial agreement can be used to set the length and amount of spousal support that would come into play upon a separation, which is especially helpful if one party makes considerably more money than the other.
  • Remarriage- If you want to ensure that your assets are distributed fairly between your first family and your new family, you can address these in a prenuptial agreement. You can also use one to protect a family heirloom.
  • Business concerns- If you are in business with others, they will want you to have a prenuptial agreement in place so that your new spouse doesn’t become their business partner.
  • Debt load disparity- If you do not want to be responsible for the debt load of your partner should you divorce, you need a prenuptial agreement.

If you would like to know more about the benefits of a prenuptial agreement or have one prepared for you, reach out to the office of Robert G. Spaugh, Attorney at Law. We can help you understand how this document works and be sure that the information contained fits with your specific situation. Call today to learn more or to schedule a consultation at our Winston-Salem, North Carolina law firm.