It’s safe to say that most couples would rather not discuss the end of their marriage before it even takes place. This is a big reason why many couples in Maryland never even consider a prenuptial agreement before they get married. Despite these unfair stigmas, most couples can benefit from prenuptial agreements.
What is a prenuptial agreement?
A prenuptial agreement is basically a written contract between soon-to-be spouses that states what would happen to premarital and marital assets and/or debts in the event of divorce or death. A prenup can also list out the rights and responsibilities of each spouse regarding assets and debts. If spouses end up separating one day, they can save a lot of time, money and headache if they have a prenuptial agreement in place.
Who needs a prenuptial agreement?
When a person has been previously married and divorced, he or she may want to request a prenup. Many times, the experience of divorce can make a person not want to marry again without financial protection. Those who have children from a previous marriage can greatly benefit from prenups as well. A prenuptial agreement can ensure that assets remain separate property and allow the person to create a will or living trust to leave for the children.
Help is available
Although discussing a prenuptial agreement can be uncomfortable, it helps to think of it as insurance for a marriage. Those in Maryland who have questions or need help getting started with a prenuptial agreement can benefit by sitting down with a seasoned legal professional. A knowledgeable family law attorney can provide guidance and help couples secure their future.