Why Prenuptial Agreements Are Important

Why Prenuptial Agreements Are Important

Posted By Hanson, Gorian, Bradford & Hanich || 26-Aug-2016

If wedding bells are in your near future, you are probably both overwhelmed and excited about the changes and possibilities that will come with married life. While getting married is undoubtedly a time of celebration, it should also be a time for couples to think of their futures together – and, if the worst should happen, what will happen if things don’t work out. If you and your soon-to-be spouse should divorce in the future, how will your assets and debts be divided? Who will be given the right to use and control the marital home? How will assets be protected for children from a previous marriage?

Fortunately, these issues and many others can be decided ahead of time through the use of a prenuptial agreement. While many people view “prenups” as simply being a means to lure happy couples into divorce court, prenuptial agreements offer numerous benefits that can save couples from a world of frustration and heartache later on down the line.

The following reasons show why it is a good idea to get a prenup:

  1. Half of marriages end in divorce: While nobody wants to think of divorce before they get married, the fact of the matter is that separation is a real possibility. According to estimates by the American Psychological Association (APA), roughly 40 to 50 percent of American divorces end in divorce, making prenuptial agreements a very worthwhile precaution.
  2. They can prevent financial ruin: Failing to plan for a possible separation can wreak havoc on your financial stability. Ending up on the wrong side of a divorce can easily empty your savings, ruin your credit, and cause you to inherit your spouse’s debts.
  3. They can shorten your separation: Divorce can be an emotional and difficult experience even under the best of circumstances. By sorting through many of the issues that you will face ahead of time, you can minimize your chances of being involved in a drawn-out legal battle and help you move on with your life as quickly as possible.
  4. They can put the focus of your marriage on love: Unfortunately, people do sometimes get married for financial gain. By creating a prenup, you can remove money from the equation. If you and your spouse know that you will not get rich simply by getting married, the only reason left to marry is because you want to do so.
  5. They can reduce the pressure: Creating a prenuptial agreement can help you and your spouse feel more secure in your marriage knowing that you will not have your life ruined in the event of a divorce, leading to more honesty in your relationship.

Secure Your Future Today

At Hanson, Gorian, Bradford & Hanich, our Riverside family lawyers want nothing more than to see your marriage blossom into a strong union that lasts for the rest of your lives. With the added security of a prenuptial agreement, we can help to minimize your worries and allow you to enjoy your marriage without any unnecessary stress. To find out more about what our Board Certified Family Law Specialist can do for you, call our office today at (951) 687-6003.