A prenuptial agreement, usually referred to as a prenup, is entered into by people who are either planning to get married or enter into a civil union. It doesn’t sound like a very romantic or optimistic way to start your life together, but it’s a really good idea. And in many places, the prenup not only makes provisions for the event of a divorce but also to protect property during the marriage Management Agreement Templates, such as in case of bankruptcy.
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Why You Should Consider a Prenuptial Agreement
– Contrary to popular belief, prenups aren’t just for the celebrity marriages you read about in the tabloids. Any couple that is bringing either Business Templates or personal assets into the marriage will be able to benefit from having one in place.
– Even the most basic of these contracts will contain a list of the premarital assets, which, should there be a divorce, will be retained by the original owner.
– Having a prenuptial agreement will preserve the expectations of both the parties; there will be no nasty surprises during a separation, or, as may happen, a divorce trial.
– In practically every situation, a sound prenuptial agreement is enforceable in a court of law.
Benefits of Having a Prenuptial Agreement
Having a prenuptial agreement can be very beneficial. Remember that having a prenup doesn’t mean that you’re betting on your relationship to fail, or anything like that. You’re just covering all bases.
– It reduces conflicts during divorce proceedings.
– Separate property remains separate property, even during the marriage.
– Both assets and debts are assigned.
A lot of people worry that even bringing up the idea of a prenup will cause relationship trouble. But usually, it is the reverse that holds true: among the ‘irreconcilable differences’, finances are at the top of the list. If you’re wondering what a prenup looks like, then these templates might help you out.
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