Tag Archives: prenup
Though not as romantic as the question, “Will you marry me?”, “Can we have a prenup?” is just as important to ask of your partner before your “I Dos” to strengthen your marriage together.
When you marry, you obviously envision the relationship lasting forever (or at the very least, ‘til death do you part). Planning for otherwise may seem discouraging, but the practicalities behind preparing a prenup may actually fortify the matrimony with both peace of mind and financial security, the benefits of which far outweigh any perceived awkwardness at the prospect of a prenup.
A prenuptial agreement is designed to safeguard spouses (or oftentimes one spouse) in the unexpected event of a divorce. Preunps are primarily implemented to protect business interests, financial assets, and often to establish the terms and conditions for spousal support in the event of a divorce. A key element in creating a valid and legally-binding prenuptial agreement is to ensure that the agreement was reached with full disclosure of the respective financial circumstances of the parties involved. Courts will often nullify a prenuptial agreement that was reached without a complete exchange of financial information by both parties.