Prenuptial agreements are something that many engaged couples overlook simply because of the perceived “ick” factor that comes to mind. These individuals don’t want to think about the end of the marriage before the marriage begins. Even if you fall into this mode of thinking, you should still consider a prenup if you have assets or debts coming into the marriage.
A prenuptial agreement is one way that you can set your marriage off on the right foot when it comes to finances. This agreement can spell out everything from how the things you have coming into the marriage will be handled to what kinds of financial decisions will require input from you and your spouse.
There are specific things that you can and can’t include in a prenuptial agreement. For example, you can’t include information about child support payments in the prenuptial agreements. You can’t include anything that goes against the law.
Everything in your prenuptial agreement should be mutually agreed upon. This isn’t always easy, but if you and your future spouse work together, you can come up with an agreement that both of you can abide by.
Your prenuptial agreement should work to keep you and your future spouse protected. It can include information about how family heirlooms are handled. It can also include information about how debts that were incurred before marriage will be handled if there is still a balance and the marriage ends.
The prenup is something that must be carefully considered. It isn’t something to spring on your betrothed when you are getting ready to say your vows. Making sure that the agreement is legal and enforceable is crucial.
Source: FindLaw, “What Can and Cannot be Included in Prenuptial Agreements,” accessed Feb. 17, 2017