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Friday, November 4, 2016

Why a Prenuptial Agreement Makes Perfect Sense

Leading up to a wedding, every couple must decide whether or not they want to sign a prenuptial agreement. While it is a common topic, it can be an uncomfortable one to talk about. After all, no one wants to believe that their marriage will not work out.
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Nevertheless, it is a very important decision about the future. A couple’s inability to make a decision on a prenuptial agreement prior to a marriage could be a sign that they may struggle with other important decisions down the line.

Every person’s financial situation is different as is their approach to handling their finances. It is also not uncommon for people to keep their financial decisions and situations to themselves. However, couples who are open about their finances when it comes to signing a prenuptial agreement tend to find that it brings them closer together.

Managing money is a part of any marriage and a prenuptial agreement is a start to that unified type of management. It is basically a private agreement that is able to be enforced by the court should the need ever come about. Whether couples realize it or not, it is important to make arrangements for matters such as credit card debt, loans, property issues and much more.

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Recent trends have shown that more and more people are marrying at an older age. That means they have worked longer and most likely accumulated more assets than young people looking to enter into marriage. Student loans can still hang over people’s heads for a long time while property ownership is more frequent in marriages that occur later in life.

In the event that children are involved, a prenuptial agreement would also protect their futures. Making sure assets are protected for the sake of children should never make any prenuptial conversation an uncomfortable one.

When a couple is set to go through with a prenuptial agreement, each should hire their own family law attorney. It is also wise to start that process long before the date of the wedding. A family lawyer can facilitate the process which can lead to a better means of communication about finances, future and the entire marriage as a whole.

Southpark Family Law has a team of experienced attorneys ready to handle all the details involved in a prenuptial agreement. The team of attorneys also handles issues involving divorce, child support and child custody.