If you are approaching your wedding day, you may only be seeing your marriage through the rose-colored glasses of love. This is only natural and hopefully your positive feelings for your partner will never wane. But eventually, the initial rush of affection that motivates so much of your present behavior will subside somewhat. As such, it is important to remind yourself that marriage is a legal bond as well as an emotional commitment.
Therefore, you may want to consider the advantages of creating a prenuptial agreement. While prenuptial agreements are a great idea for all couples, one could be especially beneficial if any of the following factors apply to you:
- You and your partner have different money management habits.
- You have assets that you want to make sure are inherited by children that you had in a previous relationship.
- You are in line to receive a large inheritance from a family member.
- You own your own business.
- You or your spouse are going to leave the workforce to stay home and raise children.
In any of these scenarios, you want to make sure that your interests are protected. Whenever there are potentially valuable assets at stake, you want to ensure that you get your fair share or that your property is properly disbursed.
An experienced family law attorney can further explain how a concise prenuptial agreement can help allay your concerns about asset allocation. The attorney can guide you through the process of crafting an agreement that helps ensure that should your marriage end, your financial interests will be preserved.