The reality of life is that marriages do not always work out. Some unions fail, even when they initially seemed so promising. It is why you should stay ahead of the situation and avoid being caught flat-footed.
A prenuptial agreement can help you plan for such eventualities. When you have a legally binding agreement on the crucial aspects of a divorce, you will be in a better position to protect your interests.
Reasons to consider a prenup
Simply put, a prenup is designed to be legally enforceable upon divorce. As a result, what you agreed to before the marriage will be implemented when you decide to part ways. You can use a prenup to:
- Protect assets acquired during and after marriage
- Avoid responsibility for your spouse’s debt obligations
- Provide for your children from previous marriages
If there is no such agreement between you and your spouse, everything could be determined by state laws and the court’s orders. If the two of you can’t negotiate the terms, your marital assets will be divided equitably, and it is usually up to the judge to determine what’s fair after considering several factors of your marriage.
With little to no control in such court proceedings, things may not always work out as you intend. You may end up with fewer assets or more debt than you had before the marriage if you do not have the protection of a prenup.
Do not take chances
Love may be blind, but you should not be lost in the moment. Life happens, and you do not want to be left at a disadvantage when it’s too late to do anything about it. Therefore, it is best to have a prenuptial agreement that takes away many of the uncertainties of a divorce and helps safeguard your interests.