Prenuptial Agreements Aren’t Just for the Wealthy
Prenuptial agreements are often associated with wealthy individuals, but they can be useful for anyone getting married. It is also a misconception that prenuptial agreements are only for individuals who think that they will later get divorced. In this blog post, our Morgantown family law attorney, Brianna W. McCardle discusses why you should consider getting a prenup regardless of your financial situation:
Protecting Assets: Whether you have significant assets or not, a prenup can help protect your assets, including property, investments, and other valuable items, in case of a divorce.
Avoiding Legal Battles: By establishing clear guidelines for dividing assets, debts, and other financial matters, a prenup can help avoid costly and lengthy legal battles in case of a divorce.
Defining Financial Responsibilities: While a prenup is designed to protect assets and provide a framework for how finances will be handled in case of divorce, it can also serve other purposes. For example, a prenup can be used to clarify financial responsibilities during the marriage, establish guidelines for managing joint accounts, and protect assets for future generations. It can also help couples plan for the future by addressing issues such as spousal support, inheritance, and other financial matters. This can reduce the chance of disputes over financial responsibilities and obligations during the marriage, which is a significant contributing factor to the initiation of divorce proceedings.
Planning for the Future: A prenup can also help you plan for the future by addressing issues such as spousal support or alimony and other financial matters.
Peace of Mind: Many couples who get prenuptial agreements are simply being proactive and taking steps to protect their financial interests. A prenup can provide peace of mind by establishing clear guidelines for how finances will be managed during the marriage and in case of divorce, allowing both partners to focus on building a happy and successful marriage.
In short, prenuptial agreements can be a useful tool for protecting your assets and financial interests, regardless of your financial situation. If you are getting married, consider discussing a prenup with your partner and give us a call at (304) 241-1055 to discuss whether a prenuptial agreement is right for you.
