When to get a Pre-nuptial

Posted By: Brendan Boesch

With divorce rates as high as they are today, getting married can be a scary thing. One of the most important factors to consider when getting married is your finances. Since a divorce can be financially devastating, many couples are deciding to get prenuptial agreements. A prenuptial agreement can ensure that your assets will not end up in the hands of someone else if a divorce occurs.

There are many circumstances in which a pre-nup should be considered. If you own assets such as a home or a business, a pre-nup is a very good idea. In addition, a pre-nup may be a good idea if you expect to receive money from an inheritance, or if you have children from a previous marriage. A final factor to consider when deciding whether or not to get a pre-nup is if you a pursuing a degree in a profitable profession, or if you will be supporting your spouse?s education. Basically, if one person has much more money than the other, it would be a very wise decision to use this contract to protect their assets.

Pre-nuptial agreements can also have an expiration date, which is known as a sunset date. This is means that after a certain amount of time a pre-nup can be dissolved. Couples may decide to go this route so that they will not be bound to a pre-nup if the marriage has proven to last. Having a sunset date can make signing a pre-nup seem less painful.

Links:

http://www.legalzoom.com/legal-articles//article11120.html
http://www.askmen.com/money/how_to_150/189_how_to.html
http://www.msnbc.msn.com/id/6416908/