There is no way to predict what will happen in the future, but there are ways to protect long-term interests. One way a Texas couple can do this is by drafting a prenuptial agreement before getting married. Some think that taking this step is assuming the marriage will end at some point in the future, but it is really more of an insurance policy. The couple may never need it, but it will provide peace of mind knowing it’s there.
One benefit of signing a prenuptial agreement is that it may actually help reduce conflict in the future. When drafting this type of agreement, the two parties will have to discuss their finances, fully disclosing the debts and assets they are bringing into the marriage. These conversations can help both sides have realistic expectations about financial roles during the marriage, thus reducing the chance of fights over money.
It is possible to craft a prenuptial agreement to suit the individual needs of the couple. There is no one-size-fits-all marital contract, and a couple can include terms that are meaningful for their unique situation. While it is possible to address various financial matters in a prenuptial agreement, it is not possible to address matters pertaining to child custody.
Before walking down the aisle, A Texas couple may want to think about the benefits of a prenuptial agreement. This type of contract can provide security in case of a divorce in the future, but it can also lead to financial conversations that may prove beneficial before marriage. An assessment of the individual case will reveal how a couple can draft an agreement that is best for their specific concerns and objectives.