Planning a wedding is an exciting process, but it is also important for a California couple to think about their future beyond that day. One simple way to protect one's future interests and have security in case of a contingency is by drafting a prenuptial agreement. Many couples decline to consider this option because they believe that taking this step is like planning on the marriage to fail.
A prenuptial agreement may not seem very romantic at the time, but the process of drafting an agreement can actually be a positive, productive step for any couple. This effort can encourage important conversations about finances, which can be beneficial for any couple about to marry.
The important questions you should be asking
Drafting a prenuptial agreement requires that the two parties ask important questions regarding money, debt, and property division in the event of a divorce. The responses to some of the following factors will determine the terminology of the prenup:
- Distribution of property in case of a divorce
- Division of marital debt
- Student loan debt
- Debts carried into the marriage by one or both parties
- Alimony
- Division of retirement accounts
A full discussion of handling assets and income in the marriage can determine the wording of a prenuptial agreement. As couples decide how they would want to approach the financial aspects of a divorce, it can provide both parties with a sense of security and stability as they move toward their joined lives together.
Experience counts when drafting a prenup
A prenuptial agreement is more than just a document outlining your desires and objectives in case of a divorce. The appropriate drafting of these legal agreements is important, or they may not be admissible and applicable in the future. You can avoid potential problems by working with a lawyer who can help ensure that your agreement will stand up to scrutiny and still meet your needs years down the road.
Your future is too important to risk
A prenuptial agreement is not a step reserved only for the wealthy. It is a useful tool for couples of all income levels but is particularly useful for avoiding disputes and potential litigation in the case of a divorce. Making the effort to have a proper agreement in place today can help you avoid problems in the future, allowing you and your soon-to-be spouse to enter your marriage with confidence.