#1 reason why everyone should get a prenup. (aside from the obvious, which is keeping your personal assets protected)
A common question we often hear from some of our clients is, if we do not have a massive amount of wealth built, should we still get a prenup?
The answer to this question is yes. Though you may be in a wealth-building stage in your life, you may still share debt. If one spouse decides to rack up thousands in credit card debt, both spouses share the weight of paying that debt back. This is so even if one spouse was unaware of the credit card charges.Having a prenup in place can protect the other spouse from being legally obligated to pay back a portion of that debt.
8 reasons why you should get a prenup
- Protecting Pre-Marital Assets: One of the most common reasons to get a prenup is to safeguard assets you acquired before marriage.
- Deciding Who Pays Debt: If one partner has significant debt, a prenup can protect the other partner from being responsible for that debt in the event of a divorce.
- Outlining What Happens With Inheritances And Family Wealth: A prenup can help protect family heirlooms, businesses, or properties that have been passed down through generations.
- Protect Your Business: Business owners should consider a prenup to protect their business interests.
- Choosing How Alimony and Spousal Support Will Be Handled: A prenup can establish the terms of alimony or spousal support, ensuring that both parties agree on the amount and duration of payments, if any.
- Protecting Future Income: A prenup can protect future income and assets acquired during the marriage, such as bonuses, stock options, and raises in salary.
- Keeping Children From Previous Relationships Financially Protected: If you have children from a previous relationship, a prenup can protect their inheritance rights and financial interests.
- Proper Estate Planning: A prenup can complement your estate planning efforts by ensuring your assets are distributed according to your wishes in the event of a divorce or death.
Speak with a Fort Lauderdale Prenup or Postnup Attorney.
The Law Offices of Sara J. Singer is dedicated to helping families and individuals resolve their legal needs. Contact our office today by calling 954-527-2855 or messaging us online.