Many people today are signing up for prenuptial agreements. A prenuptial agreement is a contractual agreement between the couple. The agreement deals with financial affairs. Laws in various states support this prenuptial agreement. Therefore, before signing a prenuptial agreement, the couple needs to consider certain things that are very important.
If you know all these then, there won’t be a problem later. So, better know them when you are going for prenuptial agreement. Read this article, it will be helpful if you are going for getting the prenuptial agreement. This article discusses the advantages and disadvantages of a prenuptial agreement.
Advantages
- A prenuptial agreement helps in financial well-being of the children.
- Each spouse will have a chance to put their financial expectations prior to marriage so that, the other spouse will know what his/her partner is expecting.
- This also shows what assets the spouse wanted to give to the children and the members of the family after their death.
- It avoids any unnecessary fights if you are into divorce stage.
- Clarifies the agreement between you and your spouse.
- It helps establish a route for your future.
Disadvantages
- If you are negotiating at the time of prenuptial agreement then, this may damage your marriage relationship and may end up with divorce.
- If both of the parties are negotiating for the agreement then the agreement won’t be of genuine and it is better not to go for prenuptial agreement in those cases.
- This agreement is not suitable for the couple if they are into first marriage though there is inequality in the assets and the incomes they have.
- It doesn’t include any child support payments.
- This may often damage the relationship between the spouses and the family members.
- Taking this agreement at the time of divorce is not at all fair and will have a lot of troubles.
- There might be a lack of the trust between the partners or the resentment before the marriage itself and this wedding won’t last long.
- This includes various stipulations like division of household maintenance cost, religious beliefs and many will think that the rights of child custody and child support will be in their hands but, it is not right.
You need to consider these things before you approach for a prenuptial agreement and proceed further. This will guide you in the right way without any conflicts and deviations and it also protects your personal life from not getting into trouble later.