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What are some benefits of a prenuptial agreement?

| Jul 16, 2020 | Family Law |

When a Warrenton area couple gets engaged, they typically spend months planning their wedding. So much goes into wedding planning, including the attire, the venue, the DJ and photographer, honeymoon destinations, etc. But, in addition to the wedding event itself, a couple may want to consider a prenuptial agreement.

Although a prenuptial agreement does not sound like the most romantic thing and it may sound like something that’s just for celebrities, there are actually many couples that can benefit from this agreement. There are many things a prenuptial agreement can do. One is that it documents a couple’s separate property which can protect that property in the event of a divorce. It also distinguishes between what is marital property and what is community property. It can assign debt to an appropriate spouse so that both spouses don’t share the debt liability. And it can support a person’s estate plan and avoid any court involvement for property distribution, and it can set the terms for alimony if needed.

There are many advantages that a prenuptial agreement can offer to a couple. A legal professional who is skilled in family law can advise their client on whether a prenuptial agreement is right for them. These agreements can offer a couple peace of mind in case a divorce occurs.

Although no one believes their marriage will end in divorce, being prepared for this event can be helpful. A prenuptial agreement can protect a person’s financial interests in the event of a divorce and ensure their rights are protected.