Should You Set Up a Prenuptial Agreement?
Prenuptial agreements can be essential to amicable marriage agreements for couples. A prenup can protect either party in the relationship from a loss of financial security and assets in the instance of a divorce. If you need to set up a prenup, you need to work with the Law Office of Diron Rutty. Below are a few reasons why you may want to consider getting a prenuptial agreement created.
YOU OWN SIGNIFICANT ASSETS
Prenups can be a good idea if you have a lot of assets to your name that you want to protect. This might be a business that you do not want your spouse to gain access to in the case of a divorce. This might also cover family possessions that you do not want to have to split up in a divorce.
PROTECT CHILD CUSTODY
Prenups can be used to protect child custody in cases where a spouse wants to make sure that their children will not end up living with the other parent after a divorce. This can be arranged in advance by the agreement of both spouses.
YOUR SPOUSE HAS A LOT OF DEBT
If you are marrying someone who comes into the marriage with a large amount of debt, you might want to be protected from assuming the debt after a divorce. This can be tax debt or some other kind of debt that you do not want to be associated with your name after the divorce. Debt can be a major setback for anyone and you might want to be free of your spouse’s debt after a divorce.
YOU OWN PROPERTY THAT YOU WANT TO KEEP
If you have a family business or other property that you want to be protected from being forfeited or divided in a divorce, you should use a prenup to be sure that this doesn’t become an issue. This can be a great way to protect your family from financial issues related to your divorce.