Reasons Why You Need A Prenuptial Agreement

. Things have changed greatly since the 1950s, and the Cleavers have long since been buried. Dont live in the past, secure your finances now and listen up, because here are some more reasons why you need a prenup.

First of all you will save a boat-load of money on legal fees if you enter into a prenuptial agreement before getting married. This assumes of course that you both have some assets before the marriage. If that is the case you both probably want to protect those assets in case of a divorce, whether you plan on having children or not.

Lawyers fees can easily cost upwards of $10,000-$20,000 for a contested divorce, but this can be avoided completely with a prenuptial agreement.

Another thing to keep in mind is if either or both of you already have kids from a previous marriage or relationship, and want to make sure they are provided for in the case of a divorce proceeding. Whether they are grown children or not, they can be provided a distribution of your assets (either party) in this case which will provide some peace of mind for you. Knowing that your children are legally protected is critical in cases of divorce.

Reason three is just to point out the obvious if one party has a vast amount of wealth coming into the marriage, while the other has relatively little, the person with the most has much more to lose in the event of a divorce. This is also common when one or the other is a beneficiary of a large will that may be in the future, and knowledge of this event is something everyone is aware of. Protecting yourself in these circumstances is just common sense, even if you do trust your partner. You dont know how the influences of their friends or relatives may effect their judgment. Some people are easily talked into taking advantage of a partner when things start to go bad, so looking out for your best interests only makes sense.

by: Doug Hart

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