The holidays are now behind us and the New Year is here. There is no better time than now to consider ways to protect yourself and your finances. When it comes to romantic conversations, nothing is less romantic than talking about including a prenuptial agreement in a marriage. However, the benefits of a prenup can be tremendous, making it a vital topic to discuss.
Whether it is due to the mentality of “millennials” or the looming rate of divorce floating around 50 percent, prenuptial agreements are growing in popularity. Despite them having a bad rep, prenups are sought by and entered into by couples of all walks of life. These marital agreements are not just for the rich and famous, but rather, they are for any couple seeking to protect their finances and property.
In addition to helping protecting assets, prenuptial agreements are also beneficial if a divorce were to occur. The dissolution process can be long and messy. However, a prenuptial agreement can help ease the process by outlining and detailing property division. By having this contentious divorce issue sorted out, divorcing couples can often avoid major disputes.
Even when a relationship is filled with trust and there is little property of concern, a prenuptial agreement can have its place in any marriage. Those considering this marital agreement should take the time to explore their options and understand what steps to take to best protect their rights and interests. No one gets married expecting the union to end in a divorce, but, when it does, a prenup can help address many divorce issues.