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Do I need a prenuptial agreement?

| Apr 14, 2021 | Divorce

Becoming engaged and planning your wedding should be one of the happiest times of your lives. You are preparing to celebrate your love in front of all those close to you, and you get to look forward to spending the rest of your life with your partner and, perhaps, building a family with them.

However, there may also be a part of you that wants to make sure that you are being sensible and preparing for every possibility. If you have already been successful in your life and want to protect both your business and the assets you have acquired, you may worry that a divorce in the future could put that at risk. Therefore, for the sake of transparency, you may wonder whether it would be in your benefit to put a prenuptial agreement in place. The following are some reasons that you should consider putting a prenuptial agreement in place.

You may acquire significant wealth in the future

Prenups are usually only deemed necessary when one or both partners have a significant amount of assets before the marriage. However, even if you are not significantly wealthy now, your business may be starting to flourish and you see success on the horizon. You may, therefore, make sure that you put a prenuptial agreement in place so that you can protect your future wealth.

You won’t stay stuck in an unhappy marriage

Many wealthy people who do not have a prenup in place feel that they are trapped in their marriage. They would prefer to be single but do not want to go through a divorce because they know that it would be complex and stressful, and will likely to be detrimental to them financially.

Getting a prenup is a way for both you and your future spouse to commit to each other purely for the love that you share. If you want to know more about the possibilities of a prenuptial agreement, make sure that you conduct thorough research.