Not having a prenuptial agreement can be a mistake
There are many reasons why a prenuptial agreement may be a good idea for a couple. Couples who have children from previous marriages, couples who are older and have significant assets, those who anticipate having significant income in the future and other couples can benefit from a prenuptial agreement.
If a couple does not have a prenuptial agreement, many different complications may arise during a divorce or death of a spouse. If a couple has children from a previous relationship, those children may not receive their inheritance because the new spouse may automatically receive it. A prenuptial agreement can allow a spouse to waive their right to part of the estate.
Younger couples can work out an agreement on student loan repayment. A plan can be created for how a person’s student loan payments, or other debt, should be handled. Also, if children may be in the couple’s future, a plan for how a spouse should be compensated if they leave the workforce to care for the children can be drafted.
A legal professional skilled in family law can help a person draft a prenuptial agreement that works for their unique situation. Although a prenuptial agreement may not be romantic, it can help a couple feel secure in their future.
Source: The Huntsville Item, “Not having a prenuptial agreement may sink Captain Jack Sparrow,” Sam A. Moak, June 12, 2016