Prenuptual Agreement Might Be Right For You
Happy endings are what we all look forward to in life. When we were children, most stories turned out good at the end. As adults, we have to face the realities of life. Some stories just don’t end the way we expect.
Marriage is one of the most important decisions a person will make in their life. When you marry, you choose a partner who will be with you for the rest of your life, but unfortunately, statistics show a different picture. In fact, more than 50% of first time marriages fail.
Although it is not a pleasant thought, there are reasons a prenuptial agreement might be right for you. In the past couple of decades, background checks have become increasingly popular among those who are entering new relationships. Modern technology has made it fairly easy to obtain financial, criminal, and personal information about another person. None of us can afford to be naïve. It is simply too risky to just take a person’s word. We have seen it in the news, on television shows, in the newspapers, and on the internet: another person got duped by someone in the name of love. It has cost some people their very lives, so we must seek to protect ourselves.
A prenuptial agreement is a contract that establishes the rights and responsibilities that a prospective husband and prospective wife will have if the marriage ends. It is important to protect yourself legally. Many will say that signing a prenuptial agreement is contradictory to what marriage is supposed to be. In their opinion, it is like planning a funeral for the marriage before it even starts.
Most of us do not enter into a marriage planning a divorce, but it is just a fact of life. Partners that have considerable income and property should strongly consider signing a prenuptial agreement. This ensures that both parties will leave with at least what they had before the marriage. Property and income acquired during the marriage will be handled separately. Those that do not enter into a prenuptial agreement will face dividing all income and property. For example, if your relative left you a huge inheritance before the marriage, your inheritance can be split right down the middle. A house or business that you possessed before the marriage is fair game during a divorce. Without a legal agreement, a spouse can demand a portion of all income and property. There are reasons a prenuptial agreement might be right for you. Those listed are just a few reasons to consider before you march down the aisle or stand before a justice of the peace.
Author bio: Karlee Wiggins likes to blog about Fashion, Dating, and relationships. She enjoys meeting people on The Dating Website (http://www.datingwebsite.com). When she’s not blogging she enjoys spending time with her family and being with her dog , Pheobe.