When couples are preparing to walk down the aisle, they are typically not considering what could happen if their marriage ends at some point in the future. Most Texas couples do not plan to divorce before they even walk down the aisle, but there are many benefits associated with considering this possibility. It could be prudent to draft a prenuptial agreement, a step that can provide benefits and protection to both parties.
Consider future contingencies
Planning a wedding is a time of excitement and joy. It can seem unromantic to consider the possibility of divorce, but couples of all income levels may benefit from doing so. A prenup is a legal contract that outlines how marital property will be divided in the event of a divorce. If this contingency does happen, this document can help a couple save a significant amount of time, stress and complication.
Starting this conversation can be difficult and complicated. However, it may allow a couple to discuss important financial matters, and this conversation could help them establish a mutual understanding regarding their finances before they marry. Having a prenuptial agreement is not planning for a marriage to fail, but it is simply a way to have an insurance policy for the future.
Help at every step
A prenuptial agreement is a legally binding contract. It will be beneficial to have the assistance of a Texas attorney who can provide insight regarding the ideal way to draft a practical and enforceable agreement. An assessment of the specific situation and financial details is an important first step when drafting a prenup.