Preparing for a wedding can be fun and exciting. However, talking about the possible end of the marriage before it even begins is not exactly what most couples would consider romantic or thrilling. This is one cause of the stigma that has traditionally surrounded prenuptial agreements. In fact, some people believe that signing a prenuptial agreement means the marriage is doomed to fail. Here are some reasons why most couples in Texas would benefit from a prenuptial agreement.
Protect and secure finances
At the very core level, a prenuptial agreement is a form of protection. In a prenup, the couple can list all their property and assets and specify what will happen to them in the event of a divorce. Prenups can also be used to list debts and protect a spouse from taking on the debt of their future partner.
Pass property to children
If one party is bringing in children from prior marriages, he or she can use a prenuptial agreement to define what happens to the individual’s assets or property in the event of death. This allows the property to pass to his or her kids and, if necessary, still provide for the spouse. Without a prenup, the surviving spouse could have rights to much of the other spouse’s property, to the exclusion of the children.
Creating a prenup
If spouses divorce without a prenuptial agreement, state laws usually determine who will get property that is acquired during your marriage and could also determine what happens to some of the property a spouse owned before the marriage. Couples in Texas who have questions or want to know how to create a prenuptial agreement could benefit by speaking with an experienced legal professional. A knowledgeable family law attorney can help spouses secure their future and provide peace of mind.