When couples get engaged to be married, most are caught up in a flurry of activity planning the wedding. Newly engaged Texas couples focus so much on the big day that they aren’t always able to give a lot of thought to anything else. However, there are other things to consider before tying the knot, and one of them may be to have a practical discussion about prenuptial agreements and what having one could mean for the future.
How a prenup can provide protection
Although a prenuptial agreement doesn’t come wrapped in a box with a fancy ribbon, it could be a gift that benefits both intended spouses, no matter what their ages. A prenuptial agreement can help to protect wealth made both before and during the marriage. This document can also protect individuals in a number of other ways, including not becoming responsible for a spouse’s debts. This could prove especially invaluable in community property states, such as Texas.
Other unique circumstances
There are other unique situations in which having a prenup in place can ultimately prove invaluable. If this isn’t the first marriage for a couple and each or one has children from past relationships, a prenuptial agreement may make sense. It could also be beneficial if one partner has received a large gift or inheritance.
Prenuptial agreements may not be right for all couples. If a Texas couple opts out of having one, it could still prove to be a wise move to have some form of documentation indicating who owns what at least a month prior to the marriage. A judicious assessment of each individual situation may help a couple to understand how a prenuptial agreement could benefit their long-term interests.