No one enters a marriage assuming that it will end in divorce someday, but it may be prudent to plan for this possibility. California couples planning to marry may benefit from a prenuptial agreement, a document that outlines how the property division process will work in the event of a divorce in the future. In addition to providing peace of mind, a prenuptial agreement can also provide both parties with additional benefits as they prepare to marry.
Who really needs a prenuptial agreement?
A prenuptial agreement is a legal document that outlines how two spouses will divide their marital property in case of a divorce. While the peace of mind that comes from knowing financial interests are secure is a significant benefit, other ways two partners may benefit from drafting a contract include:
- Partners can clearly state which of their assets are separate, avoiding possible contentious and expensive fights over their property.
- It provides the opportunity for two parties to have important financial discussions before they marry.
- Having a prenup can make it simpler and less expensive in case of a divorce in the future.
A California couple may benefit from a prenuptial agreement regardless of income level or assets owned by one or both partners.
Confidence for the future
Drafting a prenuptial agreement does not mean a couple is assuming their marriage will fail. It is simply way to plan for a contingency and shield financial interests in the future. Before marrying, it may help to seek the guidance of an experienced family law attorney to discuss the need for a prenup.