Should You Get a Prenuptial Agreement?
As you prepare to get married, you may be tossing the idea around about getting a prenuptial agreement before you tie the knot. While this is not a mandatory step when getting married, there are some good reasons you may want to do this, and here are a few reasons prenuptial agreements can be a good idea.
When You Have a Lot off Money
If you have a lot of money and assets when you get married, you may want to get a prenuptial agreement to protect these things. This is one of the most common reasons people get a prenup, and this is a very common practice with celebrities. Anyone can hire a family lawyer to draw up a prenuptial agreement, though, and this will ensure that you do not lose the assets you had when the marriage began if your marriage ends up failing at some point in the future.
If you want to, you could choose a prenuptial agreement that has stipulations in it. For example, you might state that if you divorce in five years or less, your spouse gets nothing you had; however, if you split up after five years (or longer), than your spouse will be entitled to a certain percentage of your assets.
If You Own a Business
A second reason to consider getting a prenuptial agreement is if you own your own business at the time you get married. This business may be something you have built over the years, and it may be very profitable and valuable. If you get married and end up divorcing, you could lose half of this business to your spouse if you do not have a prenuptial agreement. Because of this, you should consider getting one to protect your business and its assets.
If This Is Your Second Marriage
The other good reason to consider hiring a lawyer for a prenuptial agreement is for second marriages. If you are getting married for the second time, and especially if you have kids, a prenuptial agreement will be very important. This agreement will protect you and your children, and it can state that your kids will inherit your things if you die. Without this, there is a chance your kids will end up getting nothing if you happen to divorce or pass away at some point in the future.
If you fit into any of these situations, you may want to talk to your future spouse about getting a prenup. If he or she agrees to this, you can visit a family lawyer like Kleveland Law for assistance.