KNOW HOW TO APPROACH A PRENUPTIAL AGREEMENT WHEN YOU GET ENGAGED
You have a lot to think about when you get engaged. One of the things that you need to do that some people won’t do is get a prenuptial agreement set. Many people assume that these are only for the wealthy and people who have considerable assets, but these agreements can help all couples who are getting married because they offer security.
When you are coming up with the terms of the premarital agreement, you have to be sure they are fair. You can’t favor one person over the other when you are coming up with the terms. In addition, you have to ensure that you have fully disclosed the assets that you have so that your future spouse can make decisions based on the actual facts.
Both you and your future spouse need to have your own attorney. This helps to ensure that there aren’t any conflicts of interest. It also gives each person a chance to ask questions about how various points in the agreement will affect them.
Presenting the prenup should be carefully planned. You can’t do this right before you walk down to the altar. Instead, both people have to be given ample time to consider the terms of the document.
You should look at the prenuptial agreement as a way that you can benefit both people in the marriage. It isn’t a concession that you think the marriage is going to fail. Instead, it gives you a plan for what will happen if the marriage doesn’t work, which can get your marriage off on the best financial footing possible.