Believe it or not
nearly 50 percent of all marriages end in
divorce. Most end in expensive legal battles
that cost thousands of dollars in legal fees,
emotional distress and financial chaos.
Many couples
deeply in love feel it is not romantic or gives
a sense of disloyalty if they tell their
significant other about the need to enter into a
prenuptial agreement before marriage. The fact
is when you step back from your emotions-you are
entering into a business partnership. Each of
you is going to be contributing, whether
financial or otherwise into this new
partnership.
So the big
question is whether you need a prenuptial
agreement. Let's first start with the couple
just starting out. You both have jobs, no money
and great expectations. The answer is yes,
because no one can predict the future. One or
both may and probably will change jobs for the
better. That means more money, assets, debts,
and division of property.
If you have a good
paying job and starting to accumulate assets or
been previously married a prenuptial is a good
idea so everyone knows if this new partnership
does not work there is some method to untangle
the financial web you have created during the
marriage.
If you have
children from a prior marriage a prenuptial is a
good idea to protect your assets so you can pass
them on to your kids.
