When planning to marry, a couple is focusing on the future. They may be planning their wedding, their honeymoon and the start of their new life together. They are likely not planning for a potential divorce in the future. While it may seem unromantic or bad luck to speak about the marriage ending at some point in the future, it is often a practical step for a couple to consider how they can protect their interests in case that does occur. They can do this through a prenuptial agreement.
Establishing long-term security
The intent of a prenuptial agreement is to provide the parties the ability to decide how they want to divide their marital property in case of a divorce. This reduces the chance of disagreements and the need for costly litigation. It also allows a Texas spouse to clearly specify which of their assets is considered separate property and not eligible for division.
It is becoming more common for average couples to draft a prenup before they marry. This is increasingly popular as couples are now more likely to marry for the first time in their 30’s or
40’s. The conversation about a prenup may seem unromantic, but it can be an important step for Texas couples of all income levels.
Where should a couple start?
A prenuptial agreement is a legally binding contract between two parties. This is why it is important to have experienced legal guidance at every step when negotiating terms or drafting a prenuptial agreement. An assessment of the individual financial situation of the couple and other details is critical to the creation of a strong and enforceable prenup.