When you get married, the last thing you think about is what you need to protect in the event of a divorce. The reality is that you may end up with a divorce and lose a lot of your personal and financial possessions in the process. You can eliminate the hassle of a divorce and make your marriage more amicable—yes, really—by getting a prenuptial agreement with the help of a law firm such as Crome Law Firm. Learn what this agreement is and why you need one, even if you don't have a lot of assets.
What a prenuptial agreement is
A prenuptial agreement is this: an agreed-upon division of assets, both current and future, that the husband and wife or two married parties agree upon prior to marriage. In the event of divorce, these assets will be allocated as agreed upon, allowing for people to feel like their assets are better protected. You can both contribute to a prenuptial agreement or you can simply agree to the terms another person sets forth.
Why you need a prenuptial agreement
When you really think about it, a prenuptial agreement is just a business negotiation: you agree to enter a marriage or union under certain terms, and should the union dissolve, each party is allotted a certain asset. Prenuptial agreements should not be looked at as negative or as a means of future divorce. Rather, a prenuptial agreement is just a mature way to look at the marriage situation. Here are reasons why a prenuptial agreement benefits you.
You keep what's yours
Think about it: your car, your house, your heirlooms, and even your dog can be divided should you and your beloved split ways in the future. Would you rather pay a lawyer large amounts of money in the hopes you'd win the things that are yours in divorce, or would you rather protect your precious assets prior to marriage?
You avoid a nasty fight
Should you actually get divorced in the future, your prenuptial agreement keeps a fight from getting nasty and can help make divorce go through more swiftly. Say you inherit a sum of money or a piece of land and you don't want to have to fight over who gets it in the divorce; if you put a stipulation that all inheritance by either party is not shared in your prenuptial agreement, you can protect what's yours—and what's the other person's—and avoid a feud that can destroy what you have left of your relationship.