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Is a prenuptial agreement right for you?

Most people are probably aware of what a big commitment getting married is. While most people who enter into such unions are aware that it will be a big change, they may not have completely thought through just how big of a change it will be. One area where this may occur regards finances. In the midst of planning for the wedding it is possible that coupes could fail to discuss how they will handle their finances after they are married. A prenuptial agreement could be a part of this discussion.

Couples might not think that a prenuptial agreement is a good idea for a variety of reasons. Some feel that it is not romantic and that since no one knows what the future will bring, it is silly to try to plan for it. Others may feel that a divorce is hard no matter what and that a prenuptial agreement will not change that.

There are many reasons why a couple might opt to sign a prenuptial agreement. The first is obviously to make sure that certain assets are protected from the other spouse should the marriage end. It may also be used to keep debt separate. In addition to prompting a discussion of finances a prenuptial agreement might also lead a couple to discuss other important matters regarding their future life together.

While discussions about prenuptial agreements can be difficult, such discussions are a part of being married. Individuals who are unsure about whether they should get a prenuptial agreement may benefit from consulting with a lawyer.

Source: Credit.com, “Should You Get a Prenup?” AJ Smith, Aug. 29, 2014

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