Protecting assets isn’t the only thing a prenup accomplishes

Some people assume that a prenuptial agreement is really only meant for people who have accumulated a lot of wealth. However, that couldn’t be further from the truth. While prenups certainly can protect many financial areas of a marriage (and a divorce), it can still help and protect spouses in other ways. Wealth isn’t the determining factor as to whether a couple should get a prenup. The couple has to want it, and the couple has to agree that a prenup is right for them.

If you and your husband or wife decide that a prenup is right for your relationship, then there are a few things to note about the prenup and what it can cover. First, a prenup can protect you from your wife’s or husband’s debt. It can also protect the assets that you have under your name (or your family’s name).

A prenuptial agreement can also dictate how property is passed on in case of a divorce or death, as well as dictate how financial responsibilities will be divided among the two of you during your marriage.

As you can see, a prenuptial agreement is not some dirty contract that no couple should consider. To the contrary, a prenup is simply a plan put forth, and agreed to, by a soon-to-be-married couple so as to make sure their marriage is smooth and, in case of a divorce, their split will be efficient as well. If you and your partner are considering walking down the aisle, then you should also consider a prenuptial agreement.

Source: FindLaw, “Can Prenuptial Agreements Help You?,” Accessed April 19, 2016