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To Sign a Prenuptial Agreement or Not?

Wednesday, December 9, 2009
posted by Frank Stevens 12:49 PM

To Sign a Prenuptial Agreement or Not?

Getting engaged can be the most romantic and exciting time in a person’s life. If you have recently become engaged to be married, chances are you are in a very rosy spot in your relationship. Things are good and you adore your partner. You might even find yourself describing yourself as the happiest person in the world. Love can do that to a person, make him or her feel on top of the world.

While you are making your rounds to friends and loved ones sharing the happy news of your engagement, there is always some negative jerk that will have something cynical to say about marriage. Maybe a sarcastic “good luck, you are going to need it,” or perhaps this negative person will simply spout off some divorce statistics. You can shrug this person off and go on your merry way, but most people will find themselves entertaining doubts about a marriage proposal as one point or another. What if I am making a mistake? What if this is not the right person for me? What if things just do not work out for us?

While all of these fears are completely normal and even legitimate, there is no need to do anything drastic or even begin to doubt your love for your partner. Maybe you are considering hiring a private investigator. There are plenty of “private eyes” out there for hire that can investigate your potential spouse to see if he or she is being unfaithful. Some of these private investigators will even provide you with evidence or irrefutable, undeniable proof. Perhaps you would like some sort of safety net or even a guarantee that if things go wrong, you are protected. Is a prenuptial agreement for you? As unromantic as it may be, the following are five reasons why you may want to consider a prenuptial agreement before you tie the knot.

1. You have a lot more wealth or assets than your future spouse. A prenuptial agreement may make certain that your beloved is marrying you for who you are, and not for your money.

2. You are remarrying. Your legal and financial considerations may be much different when you remarry than they were with your previous marriage(s). There may be prior children involved, child support obligations, and different asset considerations. A prenuptial agreement may make sure that your assets are distributed according to your wishes when you pass away.

3. Your future spouse has a lot of debt. Hopefully your marriage will never end. But if it does, you do not want to be responsible for the debt your partner incurred prior to your marriage. A prenuptial agreement can ensure that this does not happen.

4. You are much poorer than your future spouse. Prenuptial agreements aren’t just for the financially wealthy. A prenuptial agreement can also protect you if you are financially weaker than your partner.

5. You are planning on quitting your job to raise your children. Quitting your job will obviously have a negative impact your income and your wealth. A prenuptial agreement may ensure that the financial burden of taking care of the children is shared fairly by both you and your partner.