What should you include in a prenuptial agreement?

by | Jan 5, 2021 | Firm News

When you plan your wedding in California, you never anticipate getting a divorce. However, thinking about the difficult challenges you may face later on and addressing them in a prenuptial can protect you from devastating losses if your relationship ever comes to an abrupt end.

When you understand the basics of a prenuptial agreement, you can make sure that yours is not missing any critical components.

Protecting your future

Even though your relationship is amicable now and both you and your fiance agree upon shared objectives, this may not always be the case. According to Brides, if you own a business, for example, a prenuptial allows you a place to clarify ownership of assets and the distribution of profits in the case of dissolution of your marriage.

Other aspects you may discuss in your prenuptial include the handling of investments, homeownership and how spousal support will function if a divorce happens. You and your fiance have the chance to outline personal expectations for the relationship. Your familiarity with state laws can help you verify that your prenuptial agreement will provide optimal protection.

A win-win situation

Talking about a prenuptial might seem excessive and make you feel uncomfortable. However, approaching a discussion with sincerity and genuine concern for your fiance can help him or her to see the value of your suggestion.

The sooner you begin organizing a prenuptial agreement, you can avoid trying to discuss sensitive topics when you already feel stressed about wedding planning. Another benefit of timely discussion allows you ample time to understand the concerns of your fiance and give him or her time to make an informed and confident decision.