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5 Reasons You Should Consider Getting a Prenuptial Agreement

Posted on in Divorce

Orland Park prenuptial agreement lawyersTalking about prenuptial agreements used to be a taboo topic of conversation - if you loved and trusted each other, why were you planning what you would do during a divorce? Nobody can predict the future and in the case that things do end up going south, you want to make sure that your assets are protected. In recent years, prenuptial agreements have been becoming more and more popular as the average age of marriage has been becoming later. If you are wondering whether or not a prenuptial agreement is right for you, consider these reasons for getting one:

1. You Have Been Married Before

One of the most popular reasons why couples consider prenuptial agreements is because one or both of them has been married previously. Whether you did not come out on top in the divorce the first time around or you have spousal obligations from that marriage, a premarital agreement can contain provisions about support obligations or other assets.

2. You Have Children

Going along with a prior marriage, if you have children coming into a marriage, you should seriously consider a prenuptial agreement. Whether the children were from a previous marriage or from a person other than the person you are marrying, the agreement can contain clauses about child support and what will be left to your children if you die.

3. You Own Property or a Business

Also a popular reason for agreements, owning a business or other property is a solid reason to have a prenuptial agreement. You can include provisions about how the business or property will be divided in the event of a divorce, or you can prohibit them from being divided at all by having your spouse agree that those assets are not subject to be marital property.

4. There is a Significant Difference in Wealth Between the Two of You

If you come into a marriage with significantly more money than your partner, you will want to protect your money and assets if you do ever get a divorce. By creating a prenuptial agreement, your assets will be protected so you do not end up losing half of your wealth to your partner.

5. One of you Has Significant Debt

Similar to having significant wealth, you should also protect yourself if you have significant debt. If you or your partner is bringing a good amount of debt into a marriage, you should have a prenuptial agreement that specifies who will be paying the debt and how the debt will be paid, so you are not responsible for paying debts that are not yours.

Have Your Agreement Drafted by an Orland Park Prenuptial Agreement Lawyer

If any of the above situations apply to you and your soon-to-be spouse, you should talk with an experienced Tinley Park prenuptial agreement attorney about creating a prenuptial agreement. The attorneys at Anderson & Associates, P.C. can help you determine what you should include in your agreement and will ensure that the agreement is sound and enforceable in court in the event of a divorce. To schedule a consultation today, call the office at 708-226-9904.

Sources:

http://aaml.org/sites/default/files/New%20vow%20%E2%80%99Til%20prenup%20do%20us%20part.pdf

https://www.huffingtonpost.com/the-knot/prenup-101-what-is-a-pren_b_7306618.html

https://www.theknot.com/content/what-is-a-prenup-should-you-get-one

 

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