How could a prenuptial agreement help my marriage?
When you think about a lasting marriage, a prenup is not necessarily the first thing that comes to mind; however, prenuptial agreements can often be a component to marital bliss. A prenuptial agreement is about a lot more than divorce. With a prenup, you and your future spouse will discuss important financial issues, such as how you will manage finances. Laying out your financial ideals in a prenup before the wedding can help to protect against arguments and misunderstandings about money. Our Midland, Texas family law attorneys at Navarrete and Schwartz, P.C. offer a look at why you may wish to consider a prenup below.
Setting Clear Expectations
With a prenuptial agreement, you and your future spouse may, possibly for the first time, set out how you see your financial future. Topics of importance include whether you will have separate or joint bank accounts, if you will both work throughout the marriage, and your ideals for savings vs. spending. Having conversations such as this before you walk down the aisle is imperative to a happy union. With financial woes believed to be the number one cause of divorce, setting clear financial expectations could help you from becoming a statistic down the road.
Protecting Your Children
If you are about to enter your second marriage and have children from a previous relationship, it is essential that you have a prenup. A prenup will ensure that your children are protected no matter what the future holds. With a prenup, you can set out which assets you would want your children to receive in the event of a divorce. Not only will your children be protected in this manner, but you can also avoid potential strife in the family.
Drafting an Enforceable Prenup
Prenuptial agreements should be drafted by an experienced Texas family law attorney. To be upheld by the court, your prenup must meet certain legal standards and you will need to make some financial declarations to your future spouse before signing. Consult with a family law attorney early on for assistance with crafting a prenup that will protect you and your family.