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How a prenuptial agreement can help you

Drafting a prenuptial agreement is a big step for any couple that is preparing to get married. First of all, there are important conversations that the soon-to-be-married couple need to have in order to draft a prenup. Those conversations may not be had by other couples that don't get a prenup. As such, those conversations can help the spouses reach a healthy understanding about their relationship going forward.

When you do decide to sign a prenup, you should make sure that both you and your spouse have had a significant amount of time to consider the contract. If you don't have ample time to consider the prenup, then it could be successfully challenged in the future.

The prenup itself can include a number of important provisions that married individuals would want to include to protect themselves. A prenup can discuss:

  • What counts as separate property and what counts as marital property.
  • In addition to the point above, a prenup can discuss how property division works in case of a divorce.
  • The prenup can address the debts of the spouses.
  • You can also include information regarding your estate plan or your family business.
  • Last but not least, the prenup can outline the responsibilities each spouse will have during the marriage.

If you need to draft a prenup, then discuss the matter with an attorney. Even if you don't get a prenup signed, there is always the option of a postnuptial agreement which can be signed after getting married.

Source: FindLaw, "What Can and Cannot be Included in Prenuptial Agreements," Accessed June 23, 2017

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