No one stands in front of a minister, priest or justice of the peace, believing the marriage they're entering into will ultimately end in divorce. But life does have a way of throwing curve balls, and that is why it's important for Texas couples to consider having a prenuptial agreement in place. The prenup, as it is sometimes known, is becoming a much more widely used matrimonial document.
There is no way to predict what will happen in the future, but there are ways to protect long-term interests. One way a Texas couple can do this is by drafting a prenuptial agreement before getting married. Some think that taking this step is assuming the marriage will end at some point in the future, but it is really more of an insurance policy. The couple may never need it, but it will provide peace of mind knowing it's there.
When a Texas couple decides to end their marriage, they must address all marital assets and decide how they will divide them. One important factor to consider is what will happen to the family pet, which can be an emotional and contentious issue for both parties. To lower the chance of a fight over pet custody during a divorce, some couples choose specific types of prenuptial agreements before they marry, sometimes called pup nups.
When two people decide to get married, they are not thinking about what will happen if the marriage ends at some point in the future. Planning for a possible divorce may not seem romantic or necessary, but it's a prudent step for Texas couples of all income levels. A prenuptial agreement can prevent some of the complication that comes with ending a marriage.
Millennials do many things differently than their parents and the generations before them, including their approach to relationships and finances. In fact, this specific generation is drastically changing up how they look at marriage, divorce and sharing financial responsibilities. By waiting longer to get married and often opting for prenuptial agreements, they are even changing what it looks like to get divorced.
Many couples across the state who choose to wait to have children or decide not to have children at all make a significant financial and emotional investment in their "fur babies" -- and this trend is nationwide, not just here in Texas. Their pets are their children and that does not change even if they do end up having kids at some point. For this reason, individuals about to be married are increasingly using a prenuptial agreement to address what happens to the family pet should a divorce occur.
The decision to remarry is often entered into with greater trepidation than a first marriage. There may be many more financial aspects that need to be considered before a couple is ready to enter into a new relationship, especially in light of a future divorce. Texas residents who are preparing to remarry will likely benefit from preparing a prenuptial agreement.
One of the most-cited reasons for a divorce is financial struggles. In fact, disagreements over money are the second leading cause for divorce, behind marital infidelity. For that reason, it is recommended that engaged Texas couples help set the stage for marital success by drafting a prenuptial agreement.
According to the latest statistics, the divorce rate for 2017 was approximately 35%. While that is a slight reduction from previous years, the prospect of filing for a divorce is still a concern for many Texas residents. Those who have drafted a prenuptial agreement may have an advantage when it comes to divorce proceedings.
In the past, the majority of couples did not consider a marital contract an essential part of wedding planning. However, those who own a business may find that a prenuptial agreement deserves careful consideration. Texas residents may find that these contracts can help provide peace of mind if a marriage subsequently ends.