Reasons to Consider Signing a Prenuptial Agreement
Getting married to someone is a legal contract that you are committing yourself to. However, some couples tend to neglect signing a prenuptial agreement, as they think its takes out the romance from marital bliss. However, just as you would have to sign a contract when getting into business with someone, you should also consider protecting yourself when getting into a marriage with someone else. With the rising rate of divorces, you would be better off being safe rather than sorry. Here are some of the reasons why you should consider signing a prenuptial agreement.
A prenuptial agreement can expedite divorce proceedings
Nobody gets into marriage thinking that it will come to a bitter end. However, this is a reality that some couples do have to face. Without a prenuptial agreement, you may find divorce cases being dragged out in court simply because the former spouses are in an acrimonious dispute. If you would like to avoid this altogether, it would be prudent to have a prenuptial agreement in place. This way both parties will know what to expect in the event that they dissolve their marriage, and they can have the divorce proceedings expedited.
A prenuptial agreement protects your individual assets
If you have any assets or belongings that that you would like to keep within your family, then you need to consider signing a prenuptial agreement. In the event of your death before your spouse, your spouse may have control over these assets and choose do with them as they wish. This is unless you have stipulated in your will that your spouse is not a beneficiary. With a prenuptial agreement, you can ensure that assets that are dear to you will stay within the family rather than being sold off in the event your spouse inherits them. Your prenuptial agreement can ensure that these items are only bequeathed to your children or, in the event that there are no kids, the assets are passed on to someone within your family.
A prenuptial agreement determines property distribution
When you opt to sign a prenuptial agreement, you are taking measures to ensure that any joint property is equitably distributed between you and your spouse. For instance, if you purchase several residences together, you can state in the prenuptial agreement who will be entitled to the family home and how else you can share out properties. Prenuptial agreements can also stipulate the amount of alimony a spouse is to receive in the event of a divorce, the consequences of straying from the marriage and more.
For more information about the benefits of prenuptial agreements, contact experienced lawyers in your area.