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The benefits of a prenuptial agreement

Prenuptial agreements are legal documents that help judges make determinations regarding a couple's finances in the event of a divorce. Historically, these documents carried a negative stigma. Today, however, many couples draft prenuptial agreements and these documents are more widely accepted by courts and by society in general.

When a couple signs a marriage license, they are signing a legal document that binds the couple together. Similarly, a prenuptial agreement is a legal document. This document, however, only comes into effect when certain criteria are met. If the criteria are not satisfied, the document remains just that, a document.

A prenuptial agreement allows a couple the opportunity to sit down and discuss difficult topics. The couple is also able to disclose any assets or debts that may exist in their names. A couple that has these discussions before marriage often enters into the marriage with a much more accurate picture of their financial situation as a whole.

Prenuptial agreements are also known to save couples a substantial amount of money in the long run. In the event of divorce, there are often legal disputes about property and debt. These disputes can last for months, or even years. When the couple has a prenuptial agreement that dictates how these issues are to be handled, they can avoid these disputes and move forward with their pre-agreed upon terms.

Any individual considering a prenuptial agreement should fully understand the document before they sign the dotted line. Meeting with an experienced legal professional is the best way to get your questions answered and can help an individual determine if a prenuptial agreement is right for them.

Source: Findlaw.com, "Can Prenuptial Agreements Help You?," Accessed October 21, 2014

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