More and more couples are opting into signing prenuptial agreements before getting married. Prenuptial agreements, also called premarital agreements or prenups, are contracts signed before marriage to protect each spouse’s financial interests.
Likewise, prenups can protect the inheritance rights of children and grandchildren from a previous marriage who would otherwise take a backseat to any children or grandchildren from the new marriage. Prenups can also protect your business interests, so your company doesn’t need to be divided if you and your spouse later divorce.
While prenups may seem to be a preparation for an eventual divorce, they are more like a precaution in case the worst occurs. Most people who marry intend to stay with that one person for the rest of their lives, so they might not think a prenup is necessary. However, life never turns out the way many people expect. Having a prenup can ensure you will keep your own wages and retirement plan if the marriage doesn’t last.
Most of the cons concerning prenuptial agreements have to do with preconceived notions. Some people think they are unromantic or feel like partners who wish to sign prenups don’t trust their future spouses. If someone believes this, a prenup can create resentment in that person. However, it is best to determine how your spouse will react to a financial discussion now, rather than after the marriage.
If you want to discuss a prenuptial agreement with one of our skilled Emerald Coast family law attorneys, don’t hesitate to give us a call. Chesser & Barr, P.A. is dedicated to ensuring you have the information you need to make your best legal and financial decisions.
Contact us at (850) 610-7471 or fill out our online form to schedule an initial consultation today.