In the United States today, it is often reported that close to half of all marriages will end in divorce. If something had nearly a 50% chance of happening, wouldn’t it make sense to prepare for it just in case? This is exactly what a prenuptial agreement does. Prenuptial agreements can act as insurance for a marriage, but many couples in Texas never even consider getting one. Here are some scenarios in which a prenuptial agreement may be necessary before tying the knot.
When one party owns more assets than the other, a prenuptial agreement may be necessary. These days, people are waiting longer to get married and are sometimes more financially established. Those who have accumulated personal wealth before marriage, such as throughbreal estate or investments, may want to ensure that these assets remain theirs if problems in the marriage arise later on.
A prenup may be necessary for anyone who owns a business, especially if it is a family business. If divorce happens without a prenup, it could lead to a situation where a family business is split, with a portion awarded to the spouse. Family businesses and even rights to intellectual property can be included in prenuptial agreements.
Historically, there were societal stigmas surrounding prenuptial agreements, but a prenup can be quite helpful. In fact, prenups are absolute necessities for some couples. Those in Texas who have questions or are interested in creating a prenuptial agreement could benefit by speaking with a knowledgeable legal professional. With the proper consultation, couples can negotiate a fair premarital agreement that will make things much easier and less stressful if a divorce occurs later on.