location6160 Warren Pwky, Suite 100, Frisco, TX 75034
Call for a Free Consultation

phone972-954-6455

Asking Your Future Spouse for a Prenuptial Agreement

Posted on in Family Law

Collin County Divorce LawyerPrenuptial agreements have largely gotten a bad reputation over the last few decades—a reputation that they do not really deserve. Stories about outrageous celebrity marriages which seem doomed to fail are often where many first hear the term. However, prenuptial agreements are a tool which can be valuable for anyone. You do not need to be rich or a celebrity to benefit from a prenup.

If you have decided that you want to sign a prenuptial agreement with your future spouse before tying the knot, you may be unsure of how to bring up the conversation. Here are a few things to consider.

Benefits of a Prenup

A prenuptial agreement is a legally binding document which establishes the property and financial rights of each spouse in the event of a divorce. For example, a prenup can protect your family-owned business, ensure inheritance rights for children of a previous marriage, prevent one spouse from acquiring the debt of another, protect each spouse’s financial interests, and more.

Today, having a prenuptial agreement is not seen as an oddity. When up to about 40 percent of marriages end in divorce, it is important to prepare for that possibility. In addition to offering protections in the event of divorce, prenups are also helpful to couples who never get divorced. A marriage is not only a romantic relationship but also a business relationship. A thorough discussion about financial plans and desires while making a prenuptial agreement may help prevent misunderstandings and conflict in the future marriage.

Talking to Your Spouse

If you have decided that a prenuptial agreement is right for you, the next step is to discuss it with your partner. Some people find it easier to discuss matters related to finances with a financial planner or counselor. A couple should always discuss how money will be handled in their marriage before getting married, and prenuptial agreements can be a part of this conversation.

Instead of leading with “I want a prenuptial agreement,” begin the conversation as a part of a larger discussion about your collective plans and dreams for the future. Another step which may be helpful is sitting down together and researching what a prenuptial agreement actually is. Many people have negative associations with the term because of television and movies. Once a future spouse sees that a prenuptial agreement can be a mutually beneficial tool, they will be less likely to get upset at the suggestion of drafting one.

Work With a Collin County Prenuptial Agreement Lawyer

For more information about creating a legally sound prenuptial agreement in Texas, contact an experienced Frisco family law attorney. Call the Law Office of Philip W. Moore, Jr. at 972-954-6455 for a free, confidential consultation. We will work with you in addressing all of your concerns and help you draft an agreement that will stand the test of time. Schedule your appointment with us today.

 

Sources:

https://www.entrepreneur.com/article/227088

https://www.realsimple.com/money/money-confidential-podcast/money-confidential-prenuptial-agreement

Back to Top