Prenuptial agreements are legal agreements a couple commits to before they get married. These prenuptial agreements usually involve the assets each party has prior to entering marriage, such as money, trust funds, future inheritances, property, and other belongings. What happens in a prenuptial agreement — also referred to as a prenup — is this: assets are described and put in print as to who owns what so if the couple were to ever divorce, the division of assets is made much easier.
When you have a prenuptial agreement attorney on your side, filing this document is made much easier. Prenups are more common than you think as more and more people realize protecting their assets and finances in the event of divorce is a positive and responsible thing that benefits both people in a marriage. Here are five reasons to hire a prenuptial agreement attorney for this sensitive topic.
You include all your assets
A prenup attorney goes over your assets and would-be assets (such as an inheritance life insurance of a loved one) to ensure they are all included in your prenup. If anything is left out or you are trying to put something in a prenuptial agreement that isn't necessary, your prenuptial agreement attorney will assist you in making sure your agreement is complete.
You include all your debts
Part of a prenuptial agreement is the debts you have that should remain yours should you ever divorce with your partner. Not only will your prenuptial agreement attorney ensure your debts are included in your prenup, but they will make sure the other party includes their debts — student loan, credit card, liens, and other debts in their name — remain theirs and don't affect you as well.
You have a professional negotiator
When you have a prenuptial agreement attorney by your side, you have a professional negotiator who will help ensure your financial future should you divorce. Since prenuptial agreements can include any assets that you have now and accumulated in the future as community property, you need to make sure the prenup is fair to both you and the other party.
If you find anything in your prenup you don't like, then you can negotiate property, assets, and other things with the other party by having your independent prenup attorneys handle your documents. When you come to an agreement with your future spouse about your prenup, then you can sign the documents with the guidance of your prenuptial agreement attorney.
For more information, reach out to a local prenup attorney.