On prenups, and the discussion that leads to them

| Dec 5, 2015 | Firm News, High Asset Divorce

Imagine that you meet the guy or gal of your dreams, and the two of you decide to get married. In the weeks and months leading up to your marriage, you are both buzzing with excitement. But there is something that you want to talk about with your soon-to-be-spouse: finances, assets and property. You want to know how the two of you will handle these things now that you will be a couple.

This is usually an opening to talk about a prenuptial agreement with your fiancee. However, don’t go into this conversation without being prepared. And in terms of preparation, be ready for the conversation to be lengthy and detailed. These are vital matters you will be talking about, and you want to be constructive and respectful of your fiancee throughout the entire discussion.

One of the great benefits of talking about a prenuptial agreement before walking down the aisle is that it gives the two of you the chance to talk about these important financial factors. You may eventually decide that you don’t want a prenuptial agreement, and that’s fine. But just taking the chance to discuss property, assets, debts and other important financial factors is important.

On the subject of deciding to not draft a prenuptial agreement, remember that there are postnuptial agreements that function in almost the exact same fashion as a prenuptial agreement. If the two of you decide against a prenup, but some years later you realize that someone of these financial elements need to be hashed out in writing, then you can pursue a postnuptial agreement.

Source: FindLaw, “How to Determine if a Prenuptial Agreement is Right for You,” Accessed Dec. 4, 2015

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