Planning a wedding is an exciting process, and California couples are focused on getting ready for the most important day of their lives during this time. In the midst of the preparation, it is difficult to consider what could happen if the marriage ends in divorce at some point in the future. This is why many couples overlook the importance of drafting a prenuptial agreement.
Why are these contracts necessary?
A prenuptial agreement offers a sense of protection for two people who are about to enter marriage. It can list separate property, outline how the two parties will share financial responsibilities during the marriage and more. Some of the most important reasons for all couples to consider the benefits of a prenup include:
- Providing peace of mind for both parties as they consider their financial futures
- Can lead to important financial discussions before the wedding
- Allows each party to specify his or her separate property.
- Allows a couple to decide how to divide marital property in case of a divorce.
This type of agreement is beneficial regardless of the income or wealth of the two people preparing for marriage. Most California couples will benefit from a prenup.
Drafting a strong contract
The terms of a prenuptial agreement are critical. It is prudent to work with an experienced family law attorney who can help create an enforceable contract that will provide protection and security. An assessment of the individual case can help a couple understand the specific terms they should include in their agreement.