You don’t create a prenuptial agreement because you believe you’ll file for divorce in the future. You create a prenuptial agreement because you want to protect yourself against anything and everything that could go wrong.
If you remain married to your spouse for the rest of your life, the terms and conditions of your prenuptial agreement will never come into play. However, should you decide to divorce, your prenuptial agreement will protect the two of you.
Here are some of the many things it can do for you:
- Outline alimony obligations, such as by stating that neither party is responsible for spousal support in the event of a divorce
- Make it clear as to which parties are responsible for specific separate and marital debts
- Legal rights associated with commingled property, such as real estate purchased prior to marriage
- The distribution of tax attributes
And that’s just the start. There are many things you can add to a prenuptial agreement with the idea of protecting your legal rights in the event of divorce.
If this sounds like something you want to create, you must have a conversation with impending ex-spouse about doing so. Just because you’re on board with the idea doesn’t necessarily mean they’ll feel the same way.
Follow these tips when asking for a prenuptial agreement:
- Share your true feelings: Let your partner know why you think a prenuptial agreement is a good idea.
- Talk about the benefits: Don’t focus so much on yourself that you forget to make it clear to your partner that they’ll benefit, too.
- Don’t force them: The more you push for your partner to sign a prenuptial agreement, the greater chance there is that they’ll turn their back on the idea. Have a conversation with them, without being forceful or demanding.
Tying the knot is a big step in your life. Since there’s no way of knowing what could happen in the future, it’s critical that you protect your legal rights to the best of your ability.
Through the creation of a prenuptial agreement, you’ll feel better about what would happen in the event of a divorce.