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Why you should have a prenup

On Behalf of | Nov 4, 2022 | Property Division

Despite what many people hope, marriage does not always last. There can be all sorts of issues in a marriage that, inevitably, lead to a divorce. While a divorce may be a solution to an unhappy marriage, there can be difficulties during the asset division process that can make the divorce seem just as bad as the marriage.

Asset division during divorce allows spouses to identify what property and other assets each person owned before and during and what they can take with them from marriage. While it may seem obvious that anything you own before you got married should go back to you, without any written proof, that you can present, you can’t be assured of walking away with what’s yours. That’s why many people create prenuptial agreements before marriage.

Protecting your assets in a marriage

A prenuptial agreement, or prenup for short, is a legal document that can detail both your and your spouse’s assets before marriage. This can help the division process in a possible divorce go more smoothly. Not only does a prenup help protect your assets, but it can also detail things like debt division and spousal support.

Many people don’t want to get a prenup because they fear it will foreshadow their divorce. The truth, however, is that a prenup is only a backup plan. Having a backup plan doesn’t necessarily mean you’ll ever have to use it.

If you’re still unsure about how you should protect your assets in a marriage, you may need to reach out for legal help when seeking answers.