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Signing A Prenuptial Agreement

February 21, 2012 | Comments: 0 | Views: 201

After waiting your whole life you finally found your dream spouse. Your entire relationship was perfect from day one.

Until today, when your spouse out of the blue asked that before you walk down the aisle you sign a pre-nup agreement.

Don't panic. With one out of three couples filing for divorce from their first marriage and the divorce rate in the country at 50% it is understandable that your spouse may want to sign a prenuptial agreement. Even if the two of you are madly in love, there are many reasons why this can be a good idea.

Reasons Why You Should Think About Getting A Prenuptial Agreement.You are much wealthier than your spouse This is probably the most common reason why couples get a prenup agreement. If you make more money than your spouse this is the best way of determining that your spouse is marrying you because they love, not your money.

You earn more than your spouse If the two of you ever get divorced a prenuptial agreement can be used to limit the amount of money in the alimony payments. But a judge can overrule this if he deems the amount determined is "unjust." Either way if you earn more than your spouse you know that you are protected.

This is your second marriage. If you are getting married for the second time, you might have child support payments, alimony payments and other financial responsibilities. Signing a prenup agreement for a second marriage ensures that your assets are distributed.

Your partner is in a lot of debt. If your spouse has a high debt load, after the marriage you don't want to have to be responsible for paying back their debt. A prenuptial agreement protects you from this.

You own part of a business. If there is no prenuptial agreement your spouse may be entitled to half of your share of the business. You other business partners may not be happy with the new arrangement. To prevent this from happening you might want to consider a prenup agreement.

If you plan on quitting your job and raising your children. Opting to be a stay at home parents lessons your overall income and your wealth. A prenuptial agreement ensures that the financial burden is shared equally with both parents.

If you are an engaged couple and any of these situations apply to you then you should contact a divorce lawyer to discuss your options for a prenup agreement. A prenuptial agreement doesn't mean that you don't love your soon to be spouse, it means that you are ensuring your future.

If you found this article helpful contact a New York divorce attorney to learn more about your rights and prenuptial agreements.

Source: EzineArticles
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