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Is a prenuptial agreement only for the wealthy?

Engaged California couples know how exciting it is to plan for the future and look forward to their lives together. However, you would be wise not only to plan for your wedding day, but also for long into the future. One of the ways that you can do this is by drafting a prenuptial agreement.

This probably does not seem like a very romantic thing to do, or it may not seem necessary to do this if you are not wealthy, but there are benefits to taking this step. Prenuptial agreements can be beneficial for every couple planning to join together in marriage. It is not planning for the marriage to fail; it is simply planning to avoid any unnecessary complications in the future.

Why would I ever need a prenuptial agreement?

A prenuptial agreement is a legal document that will outline how two parties will divide property, divide debt and address certain financial issues in the event of a divorce. Just like every couple is different, your prenuptial agreement should be unique to your situation and objectives. Consider the following:

  • If you have children from a previous marriage, a prenuptial agreement can allow you to protect their financial interests, including securing their inheritance rights.
  • A prenuptial agreement can make it easier for you to protect business assets, as well as avoid a complex legal battle in court over the division of marital assets in case of divorce.
  • If you have a prenuptial agreement, it can help ensure that your divorce agreement is fair and that you can avoid unnecessary litigation.

Marriage is an important step, and while it is not pleasant, it is important to consider what will happen in case it ends in divorce. This effort can make ending a marriage significantly easier, allowing you to move forward with your life more quickly.

Thinking about the future

There is much more to consider and plan for than just the wedding. Protecting your future interests can be beneficial for both parties, and this can be as easy as considering the merits of a prenuptial agreement.

If you would like to draft this type of legal agreement, you would be wise to reach out for appropriate guidance as you do so. With the right help, you can be certain your agreement is appropriate and contains everything you need to move forward into your married life with confidence.

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