Engagement is a magical time: you have it locked in that you will marry the love of your life. During your engagement, you may be worried about wedding plans, changing your legal name, and where you will move if you do not yet already live together. But have you considered adding in the protection of a prenuptial agreement to your marriage?
Prenuptial Agreements
A prenuptial agreement — also referred to as a prenup — is an agreement that outlines how property, wealth, and debt will be divided following divorce or death of one member of the couple. Traditionally thought of to be only for the rich and famous, prenuptial agreements are actually available for any couple marrying.
Benefits of a Prenuptial Agreement
A prenup is there to protect you in your marriage and, most notably, ensure that both parties are on the same page about their relationship and financial decisions. Other benefits include:
- Outlining and protecting separate property
- Outlining what is considered marital property
- Create debt responsibility
- Detail specific arrangements between the couple
- Create a plan for property distribution
Because your prenup is flexible and created only with you and your fiance in mind, your prenup can cover as much or as little as you would like. Your prenup may also have additional benefits not listed here if it is tailored directly to your marriage and any future marital needs.
How Do I Obtain a Prenuptial Agreement?
If you believe that you and your fiance would like a prenuptial agreement, call a trusted lawyer who helps create prenuptial agreements. Together, the three of you can discuss your concerns and create a prenuptial agreement that reflects your marriage.
If you and your fiance are considering a prenuptial agreement, call our Marina Del Rey divorce attorney today at (310) 736-2063.