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Should you consider signing a prenuptial agreement?

On Behalf of | Mar 11, 2022 | Family Law

Joining your household with your fiancé’s can bring significant financial changes. While discussing these financial concerns, you may also want to consider whether a prenuptial agreement could protect your finances and provide you with peace of mind. When might you want to discuss a prenuptial agreement with your fiancé?

Are you entering your marriage with unequal wealth or income?

If you and your spouse have different incomes or if one of you has more property, savings or other assets, those assets can be difficult to keep separate during your marriage. Your spouse may have a claim to that wealth in divorce if you

Does one of you have significant debt, or do you intend to take on debt during the marriage?

If you or your fiancé have had to take out loans, those loans could become a concern in a divorce if they become commingled. A prenuptial agreement ensures that only those debts do not become the responsibility of the spouse who did not take out those loans. Your prenup can also outline how you will handle future debt.

Does one of you own a business?

Building a business or supporting a family business involves a significant investment of money, time and energy. Signing a prenuptial agreement can protect that investment and ensure that your business continues even if your marriage faces struggles in the future.

Does one of you have a child from a previous relationship?

Dividing a household in divorce does not just impact you—it can also impact your children. A prenuptial agreement can protect your ability to provide for your children if you and your fiancé part ways in the future.

While joining your households can be a complex process, a prenuptial agreement with your fiancé can help you protect your finances no matter what the future holds.