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Getting a prenuptial agreement is extremely beneficial

Prenuptial agreements are a topic of discussion that has been surfacing more and more in today's society. Many couples are entering marriage with realistic expectations. They understand that not every part of their future marriage will be in their control. Because of these realizations, more couples are getting prenuptial agreements than ever before.

A prenuptial agreement allows a couple to discuss many difficult topics before getting married. It forces each individual to be upfront and honest about their assets as well as their debts. This communication can encourage a more open and honest relationship moving forward. It also helps prevent any surprises down the road. Communication, however, is only an indirect benefit of a prenuptial agreement.

A prenuptial agreement's primary purpose is to allocate the couples resources in the event of divorce. If one individual is to inherit property from their family, for example, the prenuptial agreement may state that the property will remain with that individual in the event of divorce. A prenuptial agreement can also protect each individual from the other's debt. This could prevent one individual from taking the others student debt acquired before the marriage. In the end, a prenuptial agreement can assist with asses protection and address other divorce matters before they become an issue

The decision to create a prenuptial agreement should not be dismissed without discussion. They offer many protections and allow couples to have open dialogue about finances before getting married. Every couple planning marriage should at least discuss the benefits of obtaining a prenuptial agreement before taking other steps forward. In most scenarios, the benefits of getting a prenuptial agreement greatly outweigh the costs.

However, drafting one of these documents in a way that conforms to your wishes can be complex. However, the attorneys at Bishop & Reidy are experienced in these matters and can help you reach an agreement with your soon-to-be spouse that leaves you both financially protected and ready to start your new life together.

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