Many couples these days agree to have a prenuptial agreement before marriage, as a protection to both should their marriage not stay intact. Others think that this puts a strain on the couple, perhaps thinking that they do not trust each other. Apparently, this agreement is necessary to talk about even before couples become engaged. Keeping emotions out and logic in is crucial for this to work well. Reasons for a prenuptial agreement could be a deal-breaker for some.
The act of putting together this document is actually "customizing" the present divorce laws to fit an individual situation. The law is meant for everyone, not taking into consideration certain personal situations. In addition, laws may be looked at in a slightly altered manner between different states and even countries. The law looks at finances in marriage. Couples see a culmination of love in it.
Those people who may not be totally honest about their love in the relationship, my decide to "get out of Dodge" when discussion is begun about agreements should a divorce occur. Putting certain restrictions on financial rights may bring out of the woodwork shady ideas one of them may have been entertaining. Losing one you thought was meant for you may hurt at the moment, but much less so than a messy divorce, in many cases.
That said, money in the form of alimony can be discussed in this document, too. It is reassuring to know that if the unthinkable happens and a marriage doesn't "make it", the one caring for children will not be destitute when they stay home to rear the kiddies. Money will be there for as long as the children are in the house, at least. The one who earns more money than the other is often the one to be paying alimony.
If death strikes, having this "insurance" may be well worth it. There are so many situations in which one might find themselves, that a guide to staying financially secure could prove to be helpful. Stress like death can do strange things to family members and this will help to avoid these problems.
Many families have heirlooms that are passed from generation to generation and keeping this so could be a part of the prenuptial document. This may be a part of an individuals estate plan already in existence before the engagement. The favored silverware, for example, that belonged to great-great-grandparents can stay in the family upon a divorce without any hassles.
If one or both of the individuals is remarrying, this legal document will also protect the children on both sides from any misunderstandings or shadiness. Their inheritance will stay intact, not to be disturbed by any shenanigans of a surviving mate, in case of death especially. Three things that cannot be handled by this document is child custody, support of children and visitation rights.
It could also be that one of the two people involved has an extraordinary amount of debt. If divorce would happen, this is one of many good reasons for a prenuptial agreement. It would prevent responsibility of the debtors high debt from being laid on the other.
The act of putting together this document is actually "customizing" the present divorce laws to fit an individual situation. The law is meant for everyone, not taking into consideration certain personal situations. In addition, laws may be looked at in a slightly altered manner between different states and even countries. The law looks at finances in marriage. Couples see a culmination of love in it.
Those people who may not be totally honest about their love in the relationship, my decide to "get out of Dodge" when discussion is begun about agreements should a divorce occur. Putting certain restrictions on financial rights may bring out of the woodwork shady ideas one of them may have been entertaining. Losing one you thought was meant for you may hurt at the moment, but much less so than a messy divorce, in many cases.
That said, money in the form of alimony can be discussed in this document, too. It is reassuring to know that if the unthinkable happens and a marriage doesn't "make it", the one caring for children will not be destitute when they stay home to rear the kiddies. Money will be there for as long as the children are in the house, at least. The one who earns more money than the other is often the one to be paying alimony.
If death strikes, having this "insurance" may be well worth it. There are so many situations in which one might find themselves, that a guide to staying financially secure could prove to be helpful. Stress like death can do strange things to family members and this will help to avoid these problems.
Many families have heirlooms that are passed from generation to generation and keeping this so could be a part of the prenuptial document. This may be a part of an individuals estate plan already in existence before the engagement. The favored silverware, for example, that belonged to great-great-grandparents can stay in the family upon a divorce without any hassles.
If one or both of the individuals is remarrying, this legal document will also protect the children on both sides from any misunderstandings or shadiness. Their inheritance will stay intact, not to be disturbed by any shenanigans of a surviving mate, in case of death especially. Three things that cannot be handled by this document is child custody, support of children and visitation rights.
It could also be that one of the two people involved has an extraordinary amount of debt. If divorce would happen, this is one of many good reasons for a prenuptial agreement. It would prevent responsibility of the debtors high debt from being laid on the other.
About the Author:
Prenuptial agreements are becoming more popular with couples who each have possessions entering into the marriage. A premarital agreement can prevent arguments and accusations if the couple should decide to divorce in the future.
No comments:
Post a Comment