If you are getting married soon, you are probably already swamped with all the preparations for the wedding. However, our team at the office of Robert G. Spaugh, Attorney at Law, encourages you to take the time to prepare for the marriage as well. We have extensive experience in family law, and we strongly recommend that all couples make pre-marital agreements before tying the knot. In this article, we’ll go over a few reasons why a pre-marital agreement is beneficial for every couple.
- Build a Strong Foundation – One of the most common marital problems is disagreements about money and financial decisions. In our experience, these difficulties often arise because the couple doesn’t know how to talk about money or because they have fundamentally different financial goals or management styles. Making pre-marital agreements provides a useful framework to get you and your partner talking about your finances and goals, and you can use this conversation to guide your future decision-making as a married couple. Starting this conversation early on will serve you well in your married life.
- Protect Your Assets – We also encourage you to make pre-marital agreements in order to protect the assets you are bringing to the marriage. These agreements are not just for high-net-worth individuals but for everyone. If you run a business, making a pre-marital agreement allows you to make sure you retain complete ownership of it in the event of a divorce. Similarly, if you have more debt than your partner, this kind of agreement allows you to protect your partner from taking on that debt.
- Ease Separation – Lastly, making pre-marital agreements can make the divorce and separation process significantly easier, should it ever become necessary. Although you most likely don’t want to consider this outcome at this happy stage in your relationship, ignoring the possibility now won’t do anything to make your marriage stronger. If you should need to divorce your partner in the future, wouldn’t you rather do it cleanly rather than have to go through a protracted legal battle over assets?
If you’re seeking a skilled law firm to assist you with creating your pre-marital agreement, we encourage you to contact our team to learn more about how we can help you.