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Four benefits of a prenuptial agreement

On Behalf of | Dec 1, 2020 | Family Law |

When a King County area couple gets engaged, they are filled with excitement and anticipation for their upcoming nuptials. Wedding planning is something that couples enjoy and can take years. There are venues to visit, dresses to try on, and honeymoons to plan. Amid all the excitement a couple may also want to consider creating a prenuptial agreement. Although a premarital agreement may not be the most romantic topic, it can be important in protecting a person’s assets.

For some couples there are many benefits to a prenuptial agreement. Although it can be an awkward topic to bring up, it can be beneficial.

Protection of a specific property

Some people go into a marriage with their own assets that they want to protect in the event of a divorce. It can be property, a business, family assets, etc.

Protect inheritances

Sometimes a person has children from a previous relationship, and they have property that they plan to give to them. A prenuptial agreement can legally define the assets their children can claim.

Open the lines of communication

Discussing a prenuptial agreement can be a good way for a couple to discuss their property, finances, and marital expectations. The marriage can begin with a clear line of communication which is always a good thing.

Define debt

Many times a person goes into a relationship with previous debt. Whether it is credit card debt, car loans, student loans, etc., a prenuptial agreement can define the debt and assign it to the person so the other spouse isn’t responsible for it in the event of a divorce.

Although a prenuptial agreement may not be the first thing newly engaged couples think about, it can be an important document to create before a marriage. A legal professional who is skilled in family law can help a person create a prenuptial agreement that works for their situation and protects their assets.