A prenuptial agreement is a legal document that many couples rely on to protect their assets and property in the event of a divorce. A prenup is a legally binding contract that can map out how a couple will divide their property if the marriage ever ends. If you and your spouse are currently debating whether you need a prenuptial agreement, review these potential pros and cons to help you reach a decision.
Prenuptial agreements are becoming more and more popular due to debunked misconceptions about prenups only being for the rich or couples who plan on getting divorced. In reality, prenuptial agreements are a good option for anyone who wishes to protect their assets against any eventuality – including divorce or legal separation. A prenup can have many enticing benefits, such as:
A prenuptial agreement does not mean that you do not have faith in your marriage or partner. In fact, any prenup that encourages a dissolution of marriage will be deemed invalid in Washington. A prenup is simply an effective way to make each party’s financial responsibilities clear, protect your property and heirlooms, ensure a better inheritance for your children, and minimize legal tension if you ever get divorced.
You may not need a prenuptial agreement if neither you nor your spouse is bringing a significant amount of property or debt into the marriage. If you’re on the fence about getting a prenuptial agreement, consider these potential cons:
A prenuptial agreement is a great way to protect yourself from having to split your hard-earned assets with your spouse if things in your relationship go south. To learn more about prenuptial agreements in Washington or to get started with this legal document, speak to a Clark County prenuptial agreement attorney at Cohen Family Law, LLC.