Before you enter into the sacrament of marriage, you need to consider your finances and assets. Now is the time to protect everything you’ve worked so hard to acquire up to this point in your life. No matter how much you love your spouse-to-be, things happen, and divorces can get ugly when it comes to dividing property. It’s highly advisable that you enter into a prenuptial agreement before you take a walk down the aisle, regardless of your level of wealth. The following are three tips you should follow when considering a prenuptial agreement.
Evaluate What You’re Bringing to the Marriage
Before you and your future spouse sign a prenuptial, consider what you’re bringing to the marriage. In many cases, the assets and items you bring into a marriage remain yours, such as your property and debt. As your marriage progresses, joint property and combined assets become shared. Work with an attorney to sort out these details.
Time Joins Ownership
Over time, the lines will blur and it’ll be difficult to determine which property is separately owned, especially if the marriage dissolves after a good deal of time. It can take some in-depth work to discern liability and who owns what. A prenuptial agreement saves you a lot of time and effort by already outlining the property ownership.
Emotions Could Get in the Way
Emotions should not dictate how and what you incorporate into your prenuptial agreement. You should sit down with your partner for a serious discussion about your property and assets, keeping all emotions out of the conversation. Don’t let the idea of love and marriage dilute your concept of what’s yours and what’s theirs.
A prenuptial agreement is a document that proves your frame of mind before you enter into marriage, and you need to work with an experienced attorney to help you draft the document. For more information on how we can help, contact us anytime. We will sit down with you and discuss your options and how you should proceed when entering into this most important agreement.