Do you and your fiancé want to agree in advance on property and finance issues? Premarital agreements, also known as prenuptial agreements (or “prenups”) are helpful for dealing in advance with issues that might arise should the marriage not survive. They are also useful to establish certain ownership rights or financial expectations before marriage.
These discussions may be perceived as difficult or unromantic. However, you may find comfort in knowing you have dealt with these important issues in advance.
Why You May Need a Premarital Agreement:
- You have pre-marriage assets that you want to remain separate property after the marriage. Or, you may have children from a previous marriage.
- You recognize the possibility of divorce and desire to make decisions about assets and responsibilities before the relationship becomes strained.
- Even without looking toward a possible divorce, spouses may have financial or estate planning reasons making a premarital agreement advisable.