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A prenuptial agreement often makes sense

With wedding season in full effect in the Houston area, the last thing future brides and grooms want to think about is the possibility of their marriage not making it. But for many marriages, divorce does occur. And even just talking about financial issues can be a great way for couples to start out their new lives. A prenuptial agreement is one way for couples to protect their assets before marriage.

There are many reasons for couples to consider having a prenuptial agreement. One reason is if one partner owns their own business. Another reason is if in the future there is a pay gap that is expected to occur, such as one parent staying home with the children or if one partner is going back to school.

A prenuptial agreement can spell out the financial implications of this arrangement and the financial responsibility. It can also help with keeping assets that are brought into the marriage separate in the case of a divorce. These can include a vacation home or inheritances. It can also keep separate the amount of debt that a partner brings to the marriage. And in the event of a divorce, spousal support can be discussed before marriage and reduce the conflict that can easily arise later.

Prenuptial agreements are becoming more and more common for couples getting married in Houston. They often make financial sense and can be a great way to lead to important conversations. A legal professional skilled in family law can help a couple draft a prenuptial agreement that makes sense for their situation. They can draft an agreement to include property division, debt and assets, business ownerships and all financial matters.

Although engaged couples do not want to consider the possibility that their new marriage may someday end, chances are that it may happen. It can be a good idea to protect assets in case of a divorce and to have a conversation with a future spouse about important financial matters.

Source: Christian Science Monitor, "When you should consider a pre-nuptial agreement," Steve Branton, June 20, 2015

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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