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The benefits of prenuptial agreements in today's society

Massachusetts residents who are thinking about marriage or worried about asset protection may have many things weighing on their mind and considerations to ponder. One important issue that should be near the front of the brain is whether a prenuptial agreement is needed. The notion that prenuptial agreements are only for the famous and the wealthy is a thing of the past.

Most couples might not find it romantic to contemplate divorce before the couple even walks down the aisle. However, given the high divorce rate in our country and the tremendous amount of stress it brings, preparing for the future unknowns is a smart idea that can save additional pain and heartache down the road. In addition, a prenuptial agreement can take some of the pressure and stress out of the beginning stages of marriage when finances and debts are often consolidated.

Prenuptial agreements are not just for the wealthy. Even if both spouses do have any assets or debts at the start of the marriage, it is important to prepare for the future. One spouse may have a business that takes off five years down the road. One spouse may come into a lot of debt or make some bad investments eight years into the marriage. A prenuptial agreement can protect any scenario a couple can imagine happening and even ones they can't.

A prenuptial agreement may also be a wise decision for couples who have children from previous relationships. A prenuptial agreement can be a way to ensure those children are taken care of by whatever particular financial means the spouse chooses. The area of estate planning and knowing who one's beneficiaries are on life insurance policies and IRA's can be a tricky area. A prenuptial agreement can sort these matters out ahead of time and ease stress for all family members.

Massachusetts residents who are wondering if a prenuptial agreement is the right path for them should be proactive and seek answers to their questions. Every marriage is different and there are experienced family law professionals who can assist in making the right choice for each unique couple.

Source: The Huffington Post, "Prenups: Not Just For The Wealthy", April 25, 2013

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