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What are the benefits of a prenuptial agreement?

On Behalf of | Nov 15, 2019 | Prenuptial Agreements

If you are thinking about getting married in Tennessee, it is highly likely that you are going into the arrangement hoping that it will last forever. However, the reality of the situation is that divorce is always a looming possibility. To this end, many couples are deciding to sign prenuptial agreements prior to walking down the aisle. While many believe that this is not exactly the height of romance, there are many benefits to signing a prenuptial agreement. While not everybody needs a prenuptial agreement, Money Talks News points out that a prenuptial agreement protects many people, including future children.

In terms of protecting children, the benefit of this is particularly salient if you are looking to get remarried and you are bringing kids to the new union. Having a prenuptial agreement will ensure that your children are treated equitably in the event of a future divorce. No matter if you are getting married for the first time or the fifth time, having a prenuptial agreement in place will also help smooth a divorce by outlining how the assets will be divided in. This does not mean that a prenuptial agreement will mitigate any hint of litigation, but it does lessen the possibility quite a bit.

Additionally, if you are entering into a union where you have far more assets than your future spouse, having a prenuptial agreement will help ensure that your property remains yours in the event of a divorce. This is particularly important if you are retiring or looking to retire soon. Having a prenuptial agreement can also protect you from any debts that your spouse is bringing to the marriage, such as student or credit card debt.

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