As your big day closes in, you'll have many decisions to make. At some point, you or your spouse may bring up the idea of a prenuptial agreement.
While you hope to remain married for many years to come, you never know if divorce could come into play at some point.
With this thought in the back of your mind, you may begin to consider the benefits of a prenuptial agreement. Here are a few of the top benefits:
-- If you own a business, a prenuptial agreement can protect your interest to ensure that it is not divided in the event of a divorce.
-- A prenuptial agreement can help protect any inheritance rights of children that you have from another marriage.
-- A prenuptial agreement can help protect the financial well being of people with a lot of money, those who are getting married for a second time, and older individuals.
While it's easy to believe that a prenuptial agreement is only for particular types of people, it can actually be used by almost anybody who wants to protect themselves, as well as their spouse, as they enter into marriage.
If you're faced with the divorce process and know that there is a prenuptial agreement in place, it's important to know how this will impact the process as a whole.
It's important that the court is made aware of the prenuptial agreement. At the same time, you need to understand how this will impact your situation and the steps you can take to continue to protect your rights.
Source: FindLaw, "Pros and Cons: Premarital Agreements ("Prenuptials")," accessed Dec. 05, 2016