Roses and diamond rings are symbols of love and one’s future together. But, roses die and the shiny diamond can lose its sparkle. While these symbols often remind the Texas couple of the love they share, they should also remind them that the future can be uncertain, and they need to plan for what may lay ahead. In some cases, it may be wise to consider a prenuptial agreement as a part of planning for the future.
Research shows that close to half of all marriages end in divorce. This number is even higher for second and third marriages. Additionally, for those entering a second or third marriage, there are typically more assets involved, each individual is more established in his or her career and children from a previous relationship may be involved. All of these factors suggest that while it may not be romantic to discuss a prenuptial agreement, it is often the prudent choice.
Typically, assets that each individual brings into the marriage or that the individual inherits are treated as separate property. However, these lines can become blurry at times and these assets are often commingled and used to support the marriage and marital assets. Additionally, the individual may want to ensure that specific assets belong to his or her children from a previous relationship upon death or divorce.
Marriage is made up of more than just romance and flowers. There are a number of other concerns that must be addressed on a daily basis. In many cases, establishing a financial plan prior to the marriage assists with the daily decisions down the road. Many Texas couples discover that a prenuptial agreement is as much of an asset as others that they own.