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Why have a prenuptial agreement?

On Behalf of | May 22, 2018 | Family Law |

Like many in your community in Westminster, you likely dedicate a good deal of time and effort into cultivating two things: your family and your career. Oftentimes the latter is realized first, with you completing your schooling or starting your own business. You now may have found that special someone you want to marry, and everything seems to be coming up roses. Now may be a difficult time to do this, but have you contemplated that which you and your soon to be spouse are bringing into your marriage? Consider any remaining student loan debt you may have, or the funds you have tied up into your business? Do you want to those financial issues spilling over into your marriage?

If your answer is no, then you may want to seriously consider asking your fiancee to create a prenuptial agreement with you. At first glance, that may seem like you doubting the idea that your marriage will last (and thus protecting yourself financially if does not). Yet as the aforementioned financial concerns demonstrate, protecting pre-marital assets is not the only reason to consider a prenuptial agreement. In your case, your doing so ensures that your fiancee will not be held responsible for any of your pre-marital personal or professional liabilities.

Having a prenuptial agreement is increasingly being viewed as the prudent thing for couples to do. Indeed, The American Academy of Matrimonial Lawyers reports seeing a 62 percent increase in clients asking for such agreements in recent years. You might even view having a prenup as an affirmation of your commitment, as it proves that neither you nor your spouse is looking to profit from your marriage. The recommendation to do so should not be viewed as legal advice, but rather sound advice offered as you enter into married life.

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