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Why many happy couples opt for a prenup

by | Feb 7, 2020 | Asset Division

A growing number of people in Pennsylvania are considering prenuptial agreements when they decide to marry. Once often considered a matter only for the ultra-wealthy or high-profile celebrities, many people are opting to make a contract to address important issues before tying the knot. Since many people are marrying later in life, after they have purchased property or established businesses or careers, they may have different concerns from people who married before launching their individual projects. Some people want to avoid prenups, because they view them as planning for divorce during what should be a happy time.

However, many financial experts advise that prenups can be extremely helpful, more like a form of insurance than a plan to divorce. They also note that people in certain circumstances may find prenups even more beneficial. It is important to remember that prenuptial agreements are negotiated contracts that should benefit both parties. They do not exist simply to protect one spouse from the other. Both people should also have their own family law attorneys to help them negotiate the agreement in order for the prenup to hold up later in court.

When people remarry after having children, a prenuptial agreement may be a good idea. This can be one way of managing the complicated estate planning issues that can arise when people want to protect both their spouse and the children. Business owners may also want to consider a prenuptial agreement. Many startup founders may even face difficulties finding investments if their companies are not protected from potential division in a divorce.

There are a number of reasons why happy couples excited about their future together may want to begin their marriage with a prenuptial agreement. A family law attorney might help clients negotiate a fair prenup that addresses a range of concerns.