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Standing Strong for Your Rights

3 potential benefits of having a prenuptial agreement

On Behalf of | Oct 20, 2021 | Divorce

The process of getting married often requires careful planning and takes up much of the focus of both spouses. However, spouses often fail to plan for the event that their marriage does not work out.

Frequently, planning for the possible breakdown of a marriage can be viewed in a negative light. However, couples often find peace of mind and stability in knowing that all possibilities are covered. As a result, the relationship can be built on stronger bonds of openness and trust.

Prenuptial agreements are one method for planning what happens in the event that a marriage comes to an end. Outlined below are three potential advantages of having a premarital agreement.

Settling issues over spousal maintenance

With a prenuptial agreement, spouses can come to an agreement on the amount of spousal maintenance that is to be paid in the event of a divorce. Additionally, couples may reach the agreement that no spousal support is to be paid at all.

Peace of mind for children  

Having a prenuptial agreement in place can help to save children from the stress of conflicts over inheritance. With regard to blended families in particular, a lack of a premarital agreement could mean that a spouse may inherit assets that were intended to be shared among the children.

Clarity over the ownership of assets

Assets owned before the event of marriage are typically considered to be separate property. However, in the event of a lengthy marriage, it can often be problematic to identify the rights of ownership to certain types of property. A prenuptial agreement can offer written evidence over which assets were owned by either party prior to the marriage.

Understanding the potential advantages of prenuptial agreements could be in your best interests. As a spouse in Texas, you should remember that you are legally protected.