What You Need to Consider Before a Prenuptial Agreement

Although nobody likes to think about a wedding ending before it has even begun, that’s no reason not to make sure that your assets are looked after in the event that a separation becomes necessary. Although asking for a prenuptial agreement may make for an awkward conversation with your fiance, that does not have to be the case. When handled properly a prenuptial agreement can be the foundation upon which a strong and enduring relationship is built.

Determine Your Need

Although the levels at which couples should consider drafting up a prenuptial agreement are lower than many would expect, that does not mean that they are right for everyone. If neither you nor your spouse has any significant assets which predate the relationship and you are not making incomes in excess of $100,000 per year it is likely you will not need a prenuptial agreement. If, however, one or both of you have high paying careers or own valuable assets like real estate it is in your best interest to get protected.

Assess Your Assets

In order to draft an effective agreement you must know what assets are in need of protection. Sit down and make a listing of all of your valuable possessions or properties and bring that with you when discussing the terms of the agreement.

Speak With a Professional

It may not be necessary for you to hire an attorney to handle the drafting and negotiation of a prenuptial agreement, however a neutral mediator is an excellent option. Mediators can use their experience and knowledge of the law to assess both spouse’s personal assets and finances and come to an agreement which is fair for both parties.

Although prenuptial agreements are sometimes looked at with negative connotations as a representation that the couple expects to divorce one day, that is not the case. Your professionally mediated agreement removes uncertainty and allows both you and your spouse to begin your marriage without concerns about your finances.

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