Obviously, spouses never marry with the intent of one day separating. But every year, thousands of spouses across the United States choose to go their separate ways. If something has a nearly 50% chance of happening, wouldn’t it make sense to prepare in advance? This is exactly what a prenuptial agreement is for. Here’s why a prenuptial agreement may be a good idea for couples in Maryland who are getting married.
What is a prenup?
In its simplest form, a prenuptial agreement is a contract that allows future spouses to dictate how property, assets and liabilities will be divided in the event of a divorce. When couples get married, they are essentially opting into a contract designed by their state. A prenuptial agreement just modifies the contract to better fit the individual needs and preferences of the individuals getting married.
Who needs a prenup?
Figuring out if a prenuptial agreement is desired or needed can be a confusing task for couples. Prenups mostly deal with premarital wealth or assets, and they can be extensive and expensive, so they’re not for everyone. However, individuals who want to protect their premarital property or assets may want to consider opting for a prenuptial agreement.
Obviously, discussing the end of the marriage before it even begins is not the easiest thing for future spouses to discuss. It may be helpful for couples to think of a prenuptial agreement as insurance for their marriage. Those in Maryland who want to know more about creating a prenuptial agreement could benefit by consulting an experienced family law attorney. A legal representative can provide clarity and guide individuals through the entire process.