Most people often avoid the topic of a prenuptial agreement prior to marriage. It’s not romantic to discuss your property, finances and the possibility of divorce. Perhaps, the timing isn’t right to start thinking about these kinds of things. However, it is an important decision to consider.
Benefits of a prenuptial agreement include the following:
- Reduce conflicts and save money if divorce occurs
- Addresses the financial aspects of marriage regarding decision-making and responsibilities in advance
- Defines what property is considered marital or community property
- Protect the inheritance rights of children and grandchildren from a previous marriage
- If you have your own business, you are able to protect it from being part of property and asset division upon divorce
- If one spouse has substantially more debt than the other, a prenuptial agreement can protect the debt-free spouse from being obligated to share the debt
- Protects the financial interests of older persons, persons of substantial wealth and persons entering a second or subsequent marriage
While people often assume negotiating a prenuptial agreement results in conflict, having discussions about money matters promotes good, rational communication in your marriage. Addressing these concerns early can eradicate misunderstandings which might occur in the future.
For more information about prenuptial agreements in Missouri, contact our St. Charles divorce attorney to schedule your consultation. Our legal services are available in English, French, Spanish and Russian.