Prenuptial agreements have had a bad reputation in the past. Many individuals once perceived it as a sign that one or both spouses do not believe the marriage will last. However, prenuptial agreements do not mean spouses believe their marriage will fail. Instead, these legal documents are created to prepare for the worst-case scenario. We all prepare for many worst case scenarios in our lives, including natural disasters and car wrecks. It does not mean we hope for them to happen, but rather that we would rather be ready if such events ever did occur. If you are considering getting married, you might want to look into the possibility of having a prenuptial agreement with your soon-to-be spouse.
Here are some of the benefits that prenuptial agreements provide to both parties:
- Prenuptial agreements not only provide protection for spouses, but for children and grandchildren from previous marriages. If you and your spouse were to divorce, a prenuptial agreement could protect their inheritance rights.
- If you or your future spouse owns a business or professional practice, a prenuptial agreement can protect this interest as well, ensuring that it is not divided or subject to the control or involvement of the ex-spouse upon divorce.
- If a spouse has a significant amount of debt, having a prenuptial agreement in place can protect the debt-free spouse from being obligated to pay a share of it.
- If a spouse plans on giving up a very lucrative career after the marriage takes place, a prenuptial agreement can provide the assurance that this sacrifice will be well compensated for if the marriage fails.
- In addition to addressing financial aspects of a marriage, a prenuptial agreement can also cover details regarding decision-making and responsibility sharing in advance.
- When it comes to spousal support, a prenuptial agreement can effectively limit the amount a spouse has to pay to the other in the event of a divorce.
Prenuptial agreements do not address issues regarding child custody or support since this is determined based on the best interests and well-being of the child. If you include issues such as this in your prenuptial agreement, your risk it being thrown out of court and invalidated.
Prenuptial Agreements in St. Louis
Taking preventive measures is always a wise approach to any situation, including marriage. Prenuptial agreements might not sound terribly romantic, but they are a great way to protect the interests of both parties prior to entering the marriage. At Kallen Law Firm, LLC, we focus exclusively on family matters and have extensive experience in drafting prenuptial agreements. Do not hesitate to reach out to us today!
Contact us at (314) 441-7793 to schedule a free consultation with a knowledgeable member of our team.