Many people in Texas misunderstand what a prenuptial agreement really is and what it represents. Some assume that prenups are only for the rich and famous, while others think that people who draw up prenuptial agreements assume their marriage is going to end in divorce. Both of those assumptions are wrong. The truth is that prenuptial agreements are important legal options that can protect and benefit both spouses. The following is a brief overview of prenups. For more detailed information and to learn how you can benefit, contact a prenuptial agreement lawyer Round Rock, TX clients trust from the Law Office of Jason Wright.
Purpose of a Prenup
The goal of a prenuptial agreement is to determine in advance how the couple would want their assets, property, and debts divided in the event the marriage does not work out. Although this thought may not be a very romantic one, especially when a couple is in the middle of planning their wedding, the truth is that couples do divorce (approximately 40 percent of them) and without a prenuptial agreement in place, many of these divorces get contentious.
Just because a couple signs a prenup, that does not mean that their marriage will end up in a divorce. There are many couples who have been happily married for years who drew up prenuptial agreements before they wed.
The following are some of the more common reasons that a divorce lawyer Williamson County, TX residents recommend knows why couples decide to draft a prenuptial agreement:
Having a prenuptial agreement in place under any of the above circumstances allows couples to decide which property and assets belong to which spouse before the marriage, which spouse is responsible for which debts, and whether spousal support will be paid should the couple end their marriage.
How to Approach Your Partner
It can be difficult to bring up the topic of a prenuptial agreement to your fiancé, especially if they are having difficulty seeing the benefits an agreement provides. Although these agreements do address what will be done in the event the marriage ends, it also provides an opportunity for the couple to have a frank discussion about finances – something that many couples don’t do before they are married. This is one reason why money is one of the number one issues that couples cite for why they divorce.
If you would like to learn more about prenuptial agreements, contact the Law Office of Jason Wright to schedule a free consultation with a Round Rock, TX prenuptial agreement lawyer. Call our office today.