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Benefits of a prenuptial agreement

On Behalf of | Feb 27, 2017 | Family Law |

If you are getting married in Connecticut, you may have been considering a prenuptial agreement. While there are many opponents of this type of agreement, there are just as many proponents. At The Prince Law Group, LLC, we have seen many couples benefit from having a prenuptial agreement when their marriages end. It can be beneficial to you to consider what such an agreement can offer you.

The first thing to be aware of is that this is a legal document. It holds power and will be observed by the court. According to the Wall Street Journal, you also should be aware that a prenuptial agreement is not just beneficial during a divorce. It also is helpful if you or your spouse dies. Because all marriages with end in death or divorce, having an agreement can give you a peace of mind regardless of how your marriage ends.

This legal document also helps to protect any assets you had before the marriage that you would like to keep separate from the marital property. It is also a good idea to have one if you have a large amount of assets or a high net worth. After your death or in a divorce, the legal fight over your assets can be incredibly expensive. Because of this, having an agreement in place that outlines the exact terms of asset distribution can be very helpful in ensuring a divorce goes more smoothly or your estate is easier to handle.

If you have children from a previous marriage, it is especially important to have a prenup. This will help ensure their inheritance is protected. It also can protect your assets if your spouse has been ordered to pay child support or alimony for a past marriage. Not all situations require an agreement, though. If you are getting married for the first time and have no valuable assets, then you likely do not need one. Everyone else, though, usually benefits from having one. To learn more about prenuptial agreements and divorce, visit our website.