Prenuptial Agreement Was

A prenuptial agreement, also known as a prenup, is a legal document that outlines how a couple`s assets will be divided if their marriage ends in divorce. While prenups were once considered a taboo topic, they have become more commonplace in recent years. In fact, according to a survey by the American Academy of Matrimonial Lawyers, 62% of attorneys have seen an increase in the number of clients requesting prenups over the past three years.

There are several reasons why couples may choose to enter into a prenup before getting married. One of the most common reasons is to protect assets acquired before the marriage, such as property or investments. A prenup can also help protect a spouse from the other`s debt, which could be especially important if one partner has significant student loans or other financial obligations.

Another reason why couples may choose to create a prenup is to outline how property and assets will be divided in the event of a divorce. This can help avoid lengthy and expensive legal battles over property division, which can be especially important for couples with significant assets.

It`s important to note that prenups aren`t just for the wealthy. While it`s true that many high-net-worth individuals choose to create prenups, any couple can benefit from having one. Prenups can be particularly useful for couples who have children from previous relationships, as they can help ensure that those children receive a portion of their parents` assets.

In order for a prenup to be legally binding, it must be entered into voluntarily and with full disclosure of assets. Both parties must also have the opportunity to consult with their own attorneys before signing the agreement. Prenups can cover a wide range of issues, from dividing property in case of divorce to outlining how much spousal support will be paid if the marriage ends.

While getting a prenup may not be the most romantic aspect of wedding planning, it can have significant benefits for couples who want to protect their assets and avoid messy legal battles in the event of a divorce. If you`re considering a prenup, it`s important to consult with an experienced attorney who can help you understand your rights and obligations under the agreement.

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