Things to Include in Your Prenuptial Agreement

  • Prenuptial agreements have a poor reputation, but there’s a plethora of misinformation out there about the purposes of prenuptial agreements. Many people believe that the prenup is a document designed to protect the wealthy from those who would seek to make money from a marriage.

    Yes, a prenuptial agreement can protect wealthy individuals from losing money when a marriage turns sour, but they can do so much for both parties of any income level who enter into a marital agreement.

    What Is a Premarital Agreement and How Can it Help?

    A marriage is also a legally binding union between two parties with the expectation that the two intend to spend the rest of their lives together. Most people who get divorced would assert that they didn’t get married hoping that the marriage would break down.

    When a marriage fails, it does so for many reasons, many of which can’t be foreseen. That’s why a premarital agreement can be so helpful: It protects both parties should the worst happen.

    When you make the decision to purchase flood insurance, you probably don’t do so with the hope of dealing with a flood some time in the future. However, you are making preparations should that negative event happen. Prenuptial agreements operate on the same basic principles.

    What to Include in Your Premarital Agreement

    So, what things should you add to your premarital agreement? The following items are a good place to start:

    • Property division can be added into a premarital agreement so the parties won’t have to duke it out later.
    • Spousal support can be included so both parties will know they are financially protected if the marriage fails.
    • Inheritance matters can be included in the prenup, which can protect children and grandchildren from losing their inheritance if the marriage falls apart.
    • You can also include marital expectations and division of household chores. This can allow both parties to feel as though the marriage is fair.
    • Business assets and division can be outlined so that businesses won’t have to be split if the couple decides to go their separate ways.

    Get Ahold of a Family Lawyer for Help Drafting a Prenuptial Agreement

    People use premarital agreements in a variety of ways and they can help couples iron out many financial and marital concerns before the marriage takes place. They can actually help marriages succeed, and they certainly don’t cause a marriage to fall apart.

    To find out whether a premarital agreement is something you should consider, call The Law Office of Laurence J. Brock at 909-466-7661. You’re also free to visit our website to learn more about how a Rancho Cucamonga family lawyer can help you.