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Closing the Texas income gap with a prenuptial agreement

Little girls can sometimes dream of fairy tales and princes coming to their rescue. Marriage follows and so does the happily ever after. In reality, princes are far less likely to rescue damsels in distress, and the happily ever after is usually not ever after, after all. Divorce is a common occurrence in Texas and for some couples, one spouse may bring a significant amount of income to the financial bucket. Couples can successfully protect their income and keep the marriage lines open and honest with a prenuptial agreement.

There are many financial agreements that couples who choose to live together before marriage work out. Some use the income and percentage method, and others may simply split the bills down the middle. Whatever works for the couple and leaves both parties with a happy and secure feeling is what most couples decide.

Once the relationship moves in a more serious direction and wedding bells can be heard, it becomes even more important for couples to seriously look at the financial aspects of the relationship and decide what is fair within the marriage. With divorce being relatively commonplace, should one partner bring an inheritance or a significant amount of income from employment to the marriage, it may be wise to consider how a divorce might affect each party within the union, should it dissolve. Looking at the monetary standpoints of the future nuptials while each potential spouse still likes each other can help to create a sense of fairness instead of dragging out the arguments later, should a split occur.

When one partner in a relationship brings more financially to a couples' bottom line, it may pose as a burden to both parties in the relationship. Money can cause unease, resentment and bring up questions regarding the validity of one's feeling for his or her partner. To help ensure that all Texas couples who wish to enter a marriage feeling like their financial security is in fact secure, laying down the parameters with a prenuptial agreement might be the way to go.

Source: mymag.com, "Should the Breadwinner Pay the Rent in a Relationship?", Charlotte Cowles, May 1, 2017

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