Yates Family Law PC
Speak with Michael A. Yates today.
going separate ways?
Changes Lead To Choices Your Expert Guide Through Changing Times
Yates Family Law PC
Speak with Michael A. Yates today.
going separate ways?
Changes Lead To ChoicesYour Expert Guide Through Changing Times
Important Announcement: Client meetings will continue to be offered over the telephone or virtually on the Zoom platform. At the firm’s discretion, in person meetings will require guests to show proof of vaccination status. Your attorney and legal staff will inform you on the court’s position on in person vs. virtual attendance in court or court related meetings as it applies to your case. Please continue to use email and telephone as the primary means to communicate with your attorney, paralegals and legal assistants. Thank you.

Do you need a prenuptial agreement?

On Behalf of | Apr 12, 2022 | Prenuptial Agreement |

Many couples are reluctant to discuss money issues prior to getting married. According to U.S. News & World Report, drafting a prenuptial agreement is a smart way for couples to figure out tough financial subjects.

These legally binding documents establish rules for dividing assets in the event of divorce, and they help couples negotiate complex financial issues well before a marriage is in trouble. When determining whether you and your spouse need a prenup, there are numerous factors to consider. Here are a few reasons couples choose to implement them.

Dividing assets during divorce is challenging

Asset division is often complex during divorce, especially when couples cannot decide who should get what. In this case, the judge will make decisions regarding your shared assets, and you might not agree with these decisions. Discussing asset division when you and your spouse are in a good place makes the process easier and puts control into your hands.

Financial problems cause conflicts in relationships

Discussing financial matters in a relationship is stressful, but it is an important part of maintaining your bond. You and your spouse must be on the same page financially, particularly when it comes to spending and saving. Discussing a prenup before your marriage allows you to have these tough financial discussions when they are the most constructive.

Prenups safeguard other family members from financial strife

If you are entering into a second marriage and have children from your previous one, prenups offer lots of protection to them. You can use the document to stipulate what your children should receive in the event of divorce. This is a great way to prevent inter-family conflict, which is a frequent concern when it comes to subsequent marriages.

At the end of the day, a prenup may even make your relationship stronger. Financial issues harm relationships, which is why all couples should approach these topics honestly and transparently.