A pre-nuptial agreement is an agreement made by a couple, which concerns the ownership of their respective property and assets if the marriage fails, prior to getting married. While it may sound like a great plan for the future, bringing up a pre-nuptial agreement is not the most romantic thing to do, especially at a time when your relationship may still be new and untested.
However, establishing a prenup may actually make your relationship stronger. While this kind of discussion tends to lead to an argument and conflict, discussing financial matters can lead to an improvement of the quality of your relationship by demonstrating you and your soon-to-be spouse’s ability to communicate about important matters without any misunderstandings.
The following are the advantages of a prenuptial agreement:
- Document each spouse’s separate property to protect it from becoming marital property
- Support your estate plan and avoid court litigation in regards to property division
- Minimize or avoid court litigation altogether
- Reduce the conflicts associated with divorce
- Avoid sharing debt liability, especially if one spouse has more debt than the other
- Protect the financial stability of a spouse’s children, especially if the spouse has been divorced before
- Protection from a spouse who has ulterior motives
- Protection for your business or practice from being subject to division as marital property, if a spouse has their own business or professional practice
- Protect the inheritance rights of children and grandchildren from a previous marriage
If you are interested in creating a prenuptial agreement in Georgia, our Johns Creek family attorney is capable of helping you today. We genuinely care about your best interests and well-being of your family.