Indianapolis Prenuptial Agreements Attorney
What Are the Benefits of a Prenup?
Prenuptial agreements can give you and your future spouse peace about the
future, because they could save you significant stress in the event of
an unexpected divorce. No one expects to be divorced, but it's wise to
be prepared.
The primary benefits of a prenuptial agreement are financial ones. As part of the divorce process, couples must reach an agreement on how their finances will be divided. If the couple has already agreed upon these matters in a prenup, then they will have far less contention in the divorce process.
Why Should I Get a Prenup?
Prenups are like insurance — they prepare you for the unexpected. Statistically speaking, the divorce rate is very high, which makes it wise to prepare for the possibility of divorce, just as you purchase insurance to provide for your needs in case of an accident.
More and more couples in Indianapolis and throughout the United States are choosing to take the precaution of creating a prenuptial agreement prior to entering into a marriage. Preparing for a potential divorce may not be the most romantic thing you can think of when getting ready to marry, but nevertheless, it is a wise legal action to take.
What to Include in a Prenuptial Agreement
Most prenuptial agreements focus primarily on two subjects:
- Division of assets
- Payment of spousal maintenance
The agreement will usually set aside certain assets that will be exempted from the asset division in the event of divorce or it may stipulate that other items will be provided to one of the spouses. Premarital agreements can be used to make arrangements for alimony, such as:
- Predetermining how much will be paid
- Denying the right to pursue alimony
- Stating that alimony will be automatically awarded in the event of adultery or some other condition
Your prenuptial agreement may even play a role in your estate planning strategy, such as by influencing the rights of inheritance when there are children from a prior marriage.
How a Prenup Can Strengthen Your Marriage
While some people fear that signing a prenuptial agreement makes divorce almost inevitable, the fact is that many people who have done so report that it actually contributes to the strength of their marriage. With such an agreement in place, you and your spouse both gain a clear understanding of each other's economic rights and responsibilities, and there will also be far less doubt concerning what would happen in a divorce.
Does a prenup sounds like an option you want to pursue? Contact us at Bowen & Associates, LLC to consult an Indianapolis prenuptial agreement attorney!
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