How prenuptial agreements can help

| Aug 13, 2020 | divorce | 0 comments

California couples are increasingly turning to prenuptial agreements as a way to reduce their risk in the event of a divorce. This is a reversal of the previous trend that made people hesitant to sign these agreements before marriage. Couples are rapidly learning the benefits of prenuptial agreements and are embracing them.

Those that come into the marriage with any type of assets should be concerned about protecting them. Prenuptial agreements are not only for rich people. In fact, many millennials are opting for these agreements. They tend to get married later in life and may have more money and investments in their accounts. Millennials are also concerned about how their student loan debt would be treated in the event of a divorce. Moreover, they may have witnessed their parents fighting over money in a bitter divorce when they were younger.

A prenuptial agreement would protect assets by deciding beforehand how they would be treated in the event of a divorce. This would save the heartache and stress that would come with a bitter divorce. It also would reduce the financial costs of a divorce. People used to have a negative impression of prenuptial agreements, but that is starting to change. Now, people appreciate how their risk of a divorce is reduced by this agreement as opposed to thinking that money should not be discussed before the marriage.

In order to learn more about how a prenuptial agreement can help, one should seek the help of a prenuptial agreements attorney. Each prospective spouse would need their own attorney because a lawyer cannot represent both parties. An attorney could help because one spouse may challenge the validity of the agreement later on in time. Moreover, the attorney could keep their client from having to directly negotiate with their romantic partner.