No one knows what the future holds, which is exactly why insurance exists. From pets to automobiles, it seems like there’s a form of insurance for almost anything. Luckily, there’s also insurance for marriages. Prenuptial agreements offer protection for spouses in the event their marriage ends. Here are a few things future spouses in Texas should know about prenups.
Every couple can benefit
Prenuptial agreements are signed before marriage and outline premarital assets, debts and certain property rights that each party holds. The resulting written agreements detail what should happen to these things if the marriage ends. Contrary to popular belief, prenuptial agreements can benefit nearly every couple and are not solely for the rich. In general, prenups can be helpful for those who do not want to lose a specific asset, like a small business, in a divorce. Prenups can also benefit those who are not wealthy now but could be later in life, such as receiving an inheritance.
Discussing a prenup
Obviously, talking about the end of the marriage before it even begins can be difficult. However, the sooner couples bring up the notion of a prenup the better. This way they can be more prepared for the discussion when the time comes. Money is one of the most difficult subjects to talk about in a relationship, but a prenuptial agreement can encourage couples to have financial conversations.
Where to go for help
Most couples do not get married with divorce in mind, but preparing for the unpredictable is never a bad thing. Couples in Texas who want to learn more about prenuptial agreements or how to create one can get help by contacting an experienced legal professional. A seasoned attorney can provide answers and help spouses create a plan that best serves their specific needs.