If you are getting married, you should consider the benefits of signing a prenuptial agreement before you say, “I do.” A prenuptial agreement will protect your interests if your marriage doesn’t work out and you end up getting divorced. Most couples decide to sign prenups because they want to make sure they are financially stable if the marriage falls apart, but these types of legal agreements can also be used to decide how specific situations should be handled if a dispute arises between spouses. If you are still not sure if you need a prenuptial agreement, consider these things before your wedding day:
Reason #1: Protect Your Credit
Divorce can absolutely ruin your finances if you end up on the wrong side of it. If you don’t have a prenuptial agreement that covers how your savings and debt should be distributed, you might be forced to pay the brunt of certain things, such as child support or your spouse’s debts. With a prenup, you won’t be liable for the debt your spouse accumulated before your marriage.
Reason #2: Half of All Marriages End in Divorce
According to statistics, 40-50% of married couples in the United States get divorced. If you make more money than your spouse, you need to create a prenuptial agreement with strong terms that will protect your income if the worst should happen.
Reason #3: Speeds Up the Divorce Process
Although no one ever wants to think about the possibility of divorce before they are even married, signing a prenuptial agreement will ensure the divorce process isn’t a burden because both spouses have to agree on the terms they negotiate. Your prenup won’t necessarily prevent all litigation, but it will take care of most issues and eliminate some legal disputes you might encounter during your divorce proceedings.
At Sutton & Janelle, PLLC, our experienced lawyers are here to draft your prenuptial agreement and answer all of your questions. Call (304) 867-0049 to schedule your case evaluation to get the legal support that you need from our seasoned legal professionals.