Prenuptial Agreements: Are They Only for the Wealthy?

Some couples believe that prenuptial agreements are only for those that are wealthy and have a lot of money to lose in the event of a divorce. Couples that are about to get married don't want to think about the potential of a separation in the future. If they don't have a lot of assets to lose, they may assume that a prenuptial agreement is completely unnecessary.

The presumption that prenuptial agreements are only for the wealthy is a poor one. Even if you are not "rich," you surely want to have a successful marriage. A prenuptial agreement can outline how you and your spouse will approach finances to ensure that there won't be any surprises once you are married.

You may not need to enforce the prenuptial agreement, but it will act as a sort of insurance, guiding you through difficult times and making sure that you are aware of any sort of outcome. Talking about all of your financial issues early on will make sure that you have clarity should things go awry in the future.

Also, it is important to remember that you don't know about the future. While you may not have excessive finances now, there is possibility that you could receive more money in the future. If you inherit a fortune or receive a large pay raise, a prenuptial agreement may be important.

You can outline the division of your assets in percentages or provide for the future by discussing how you would divide property in the future. At Claery & Hammond, we can help you to form a solid prenuptial agreement. We will make sure that your account for all of your assets and future assets and carefully structure your prenuptial so that you can divide your property accordingly.