As prenuptial agreements become more common, the law is becoming friendlier toward them. Let’s review some of the benefits of them.
- When they are children from previous marriages, a prenuptial agreement can state what will happen to assets on the death of a parent, so the children are provided for.
- The opportunity to examine financial circumstances and agree on financial responsibilities.
- To avoid arguments in divorce cases.
- To protect one another from each other’s debts.
- If you do not make a prenuptial agreement, the law in your state will determined the division of property while you were married as well as what happens with your assets after your death, or even following the divorce process.
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