Your engagement is a time of bliss and joy for you and your future spouse, and for many people, that means it isn’t time for a prenup. But a prenuptial agreement is a useful way to protect your assets and feel more comfortable as you begin your new life with your spouse.
It’s important to ask yourself whether you need a prenup. While many people assume that these agreements are only for the wealthy, that’s not true. If you’re not sure whether a prenup is right for you and your spouse, consider getting legal counsel from our lawyers at Rowdy G. Williams Law Firm. We can help you secure your finances so you can focus on your big day.
Protecting Your Assets with a Prenup
Most people come into a marriage with some assets or debts. Student loans are a common issue, or you may have a large inheritance waiting for you that you want to protect in case you and your spouse choose to divorce.
A prenuptial agreement is meant to protect you both and fairly split your marital assets and property in case of a divorce. This doesn’t just help the party with more money—it can ensure that you both have the funds you deserve.
For instance, let’s say you already owned a plot of land before your marriage, and your partner has a large inheritance waiting for him or her, but you both have student loans. With a prenup, you may note that you’ll each get your separate assets during a divorce and you won’t be responsible for each other’s debts.
While this doesn’t stop both parties from having access to all property and assets during the marriage, it may make both parties feel more secure.
Helping Your Children from Another Marriage
For some people, however, it’s not just a matter of assets. You may already have a child or children from a previous marriage, and you’ll want to make sure they’ll receive the care they need in the event of a divorce.
While child support cannot be included in a prenup, you can arrange what assets should go to your child or children. If something happens, they’ll then have the support they need for the future.
For example, let’s return to the plot of land mentioned earlier. Maybe it’s been in the family for generations, and you want to make sure your children will receive it even if you’re divorced. A prenup can protect that asset and ensure that the land will be given to your children.
A Lawyer Can Help You Choose
“Do I need a prenuptial agreement?” is an important question to ask before you say your vows. A prenup can help protect your assets and make the divorce process smooth and easy. It can be a difficult question to ask your spouse-to-be, but it may help you both in the long run.
If you’re considering a prenup, speak to a lawyer at Rowdy G. Williams Law Firm. Our attorneys can review the assets and debts involved with your marriage, and we can help you and your future spouse plan for any possible issues.
For more information on what we can do for you, call us at 1-812-232-7400 or fill out the online contact form below.