Are There Benefits to a Prenuptial Agreement?
Prenuptial agreements are often met with caution and hesitation. Nobody wants to think about potentially getting a divorce before they even get married. This is especially true when the idea of a prenuptial agreement is enough to cause distrust and arguing.
However, what you should recognize is that there are a number of benefits associated with a prenuptial agreement. These arrangements don’t mean you and your divorce are going to get divorced, but they can help prevent much of the headaches that ensue should that point of the relationship arise.
Determine Factors Without Contention
In a divorce, you and your spouse would run into many problems involving property division, alimony, child support, etc. With a prenuptial agreement, you can remove some of the contentions that often arise in these matters. While you may not have children yet, a prenuptial agreement can help you set forth an arrangement for the following before you even get married:
- Who is going to get what property
- How alimony will be determined
- What’s separate property in the marriage
Most people think that prenuptial agreements are for high earning couples who own property, businesses, and other high-value assets. In reality, this type of arrangement is good for anyone who wants to avoid a problematic process after divorce.
Protect from Debt
One of the biggest benefits of signing a prenuptial agreement is the ability to protect yourself from debt. In a prenuptial agreement, you can set up a plan that determines how debt is distributed should one party accrue the debt after the marriage is official. Because many divorces result in both parties splitting debt, this can be a crucial process for you before you get married.
You should also know that postnuptial agreements are a possibility. You can make the same arrangements after marriage. The provisions within this document can pertain to child custody, property division, and more.
Our Indianapolis family law attorneys at Keffer Hirschauer LLP are here to help you throughout the process, working to help you produce an efficient prenuptial agreement. We’re here for your family every step of the way.
Contact our firm today: (317) 857-0160.