Why prenuptial agreements might be a good idea

On behalf of Stange Law Firm, PC posted in Family Law on Friday, August 11, 2017.

In Missouri, it is not uncommon for people who are preparing to get married to be asked by their fiancés to sign prenuptial agreements. While this may be viewed as unseemly by some, prenuptial agreements may be important and help the marriages to be stronger.

People who marry enter into contracts with each other, and protecting the rights of both of the contracting parties is smart. Prenuptial agreements can help the parties to protect their individual interests while also clearly outlining the rights and responsibilities of both during their marriages. When people draft agreements that define their responsibilities and rights, they may be less likely to experience conflict about their finances.

During the negotiating process, couples must be open and honest about their finances. This may help both to learn about the debts and assets that are held by each other and how they will be handled during the marriage. Prenuptial agreements may also help couples to decide what will remain as separate property and how the property will be divided if a divorce does happen. Prenuptial agreements may also be used to make certain that lower-earning spouses will be protected if they get divorced.

Negotiating a prenuptial agreement may be a smart idea for couples who are planning to get married. If a couple does want a prenuptial agreement, both parties may want to consult with experienced family law attorneys who can help to make certain that the agreements are legally valid and that they protect the financial interests of their clients. If one partner is presented with a proposed agreement, his or her own attorney may review it to make certain that the client is protected. Both attorneys may negotiate the various provisions contained within the agreement until the respective parties are satisfied with the agreements so that they can move forward.

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