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What Makes A Prenuptial Agreement A Good Idea? A prenuptial agreement can be a touchy subject, and they are not right for every couple. However, if you are aware of the benefits you can decide if it is the right decision for your relationship. You may think of prenuptial agreements are like planning for divorce, but in reality they allow couples to discuss complex issues at a time when both parties are able to approach it rationally. Even if you don’t want to have a prenuptial agreement it is a good idea to have discussions with your spouse about finances, debt, properties and other assets. A prenuptial agreement is a way to formalize and legalize those discussions.

What makes a prenuptial agreement a good idea

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What Makes A Prenuptial Agreement A Good Idea?

A prenuptial agreement can be a touchy subject, and they are not right for every couple. However, if you are aware of the benefits you can decide if it is the right decision for your relationship. 

You may think of prenuptial agreements are like planning for divorce, but in reality they allow couples to discuss complex issues at a time when both parties are able to approach it rationally. Even if you don’t want to have a prenuptial agreement it is a good idea to have discussions with your spouse about finances, debt, properties and other assets. A prenuptial agreement is a way to formalize and legalize those discussions. 

Here are some of the benefits of a prenuptial agreement so that you can decide if this is the right course of action for you: 

It allows you to document each spouse’s separate property to protect it as separate property in the event of a divorce. This

Page 2: What makes a prenuptial agreement a good idea

can be particularly important if one spouse has a substantial amount of property coming into the marriage.

A prenuptial agreement can support your estate plan, and avoid court involvement to determine distribution of property. An agreement can make things easier for those that may be faced with dealing with your estate.

It is a way to document and detail special arrangements between you and your spouse. It provides you with an opportunity to discuss important matters such as property and finances with your spouse.

A prenuptial agreement can avoid extended court proceedings, which can result in the expense of a divorce attorney’s time.

By creating a prenuptial agreement you may be reducing the amount of conflicts that arise during a divorce. If many issues are decided in advance when both parties are thinking clearly it can make the situation much more bearable.

You can assign debt such as credit cards, student loans, mortgages, and more to the appropriate spouse to avoid having to share debt liability. This can be particularly important if one spouse is coming to the relationship with significantly more debt.

Deciding whether or not to enter into a prenuptial agreement is a very personal decision. Each individual and couple are unique. Therefore you should base your decision on your joint feelings, and your individual circumstances. The most important thing you can do is to weigh the pros and cons of a prenuptial agreement, and talk candidly with your spouse about whether or not it makes sense for your particular situation.