When you are getting married, it’s always recommended that you have a prenuptial agreement in place. All you need to do is to hire a divorce lawyer who will help you with the drafting and reviewing of the document.
When you are putting together the document, one of the things you should know is that just like everything else in the world, it comes with its pros and cons:
Pros of having a prenuptial agreement
You separate your property: When you are drafting the document, you should put together the property that you are willing to share, what you obtained before the marriage, and what you aren’t ready to part with. Since you are able to separate your property, you have an easy time telling what belongs to who.
You avoid problems in the event of divorce: It’s estimated that up to 50% of couples divorce. If you have a lot of property, you might face plenty of challenges as you fight over who gets what. With the prenuptial agreement in place, you don’t fight as you have stipulated everything in the document.
Reduce the cost of divorce: If you have gone through a divorce you understand how costly it can get. This is because many people tend to try to revenge on each other. The situation is worse if the couples had a lot of property and they are undergoing a high asset divorce.
Since you have the prenuptial agreement in place, you have an easy time sharing your property thus your divorce is complete within just a short time.
Cons of a prenup
While the prenup comes with plenty of benefits, it also has its ugly side. Some of the cons of drafting the document include:
Creates trust issues: Have you ever been asked to sign a prenup? I bet you felt that your partner didn’t trust you, right? This is how most people feel. While you might be having good intentions, your partner might pick it up the wrong way which compromises your relationship.
It can get complex: This is usually the case when you have a lot of property and details that you need to include. In such a scenario, you should hire a family attorney to help you with the drafting and compiling of the list.
These are some of the pros and cons of a prenuptial agreement. For you to have an easy time putting the document in place, you should work with a reputable family lawyer.