These days, it’s possible to get insurance for nearly everything. From pet insurance to life insurance, the basic idea of insurance is to protect against some form of loss. Luckily, soon-to-be spouses in California can protect their premarital property and assets with prenuptial agreements. Here are a few reasons to consider a prenuptial agreement before getting married.
Not just for the wealthy
According to traditional stereotypes, prenuptial agreements are only for wealthy individuals, but this could not be further from the truth. Even if a spouse isn’t considered wealthy at the time of the marriage, he or she may increase their wealth later in life. Prenuptial agreements can also protect property and assets that have been accumulated after marriage. Prenups are especially beneficial to business owners, as they can be used to protect the venture before heading into a marriage.
Insurance for the marriage
A prenup basically details financial assets and certain property rights that each individual owns before marriage and outlines how these things are divided if a divorce happens. If spouses divorce with a prenuptial agreement in place, it can supersede the divorce laws in their state, thus making the proceedings more efficient and less stressful. Although signing a prenuptial agreement is often not an easy subject for couples to discuss, it may be helpful to think of them as insurance for the marriage.
Prenuptial agreements can benefit nearly every couple. For those in California who have questions or want to know more about creating a prenuptial agreement, it is recommended to consult a seasoned legal professional. A knowledgeable family law attorney can provide invaluable legal guidance and help future spouses determine if a prenuptial agreement is right for them.