Prenuptial Agreement Form
Many people will say that when first getting married you should not need a prenuptial agreement, however I would say that there are many reasons why this is exactly what you need. If you are somewhat aware of the divorce rates in this country, then you already know the odds of getting one. Things have changed significantly since the 1960’s, and the Cleavers were the family to watch on TV. Don’t live in the past, secure your finances now and be very aware, because here are some more reasons why you need a prenuptial agreement.
Download a prenuptial agreement sample here: sample-prenuptial-agreement <<<<
First of all you will save a great deal of money on lawyers fees if you enter into a prenuptial agreement before getting married. This assumes of course that you both have some assets before the marriage. If this is the case you both probably want to protect those assets in case of a split, whether you plan on having children or not.
Lawyers fees can easily cost upwards of $10,000-$20,000 for a contested divorce, and this can be avoided completely with a prenuptial agreement.
If you purchase expensive items during the marriage, that is another matter. These will need to be divided evenly or one person may have to “buy out” the other partners interest in such items if necessary. However, any items that you bring into the marriage can be such as cash, jewelry, land, houses, etc. should be mentioned in a prenuptial agreement so that these items remain in possession of the one that came into the marriage with them.
Another thing to keep in mind is if either or both of you already have kids from a previous marriage or relationship, and want to make sure they are provided for in the case of a divorce proceeding. Whether they are grown children or not, they can be provided a distribution of your assets (either party) in this case which will provide some peace of mind for you. Knowing that your children are legally protected is critical in cases of divorce.
Another reason is just to point out the obvious – if one party has a vast amount of wealth coming into the marriage, while the other has relatively little, the person with the most has much more to lose in the event of a divorce. This is also common when one or the other is a beneficiary of a large will that may be in the future, and knowledge of this event is something everyone is aware of. We rarely think about this when getting married, but that is why so many divorces turn ugly. Fighting over personal wealth is never a good idea during a divorce.
Protecting yourself in these circumstances is just common sense, even if you do trust your partner. You don’t know how the influences of their friends or relatives may affect their judgment. Some people are easily talked into taking advantage of a partner when things start to go bad, so looking out for your best interests only makes sense.
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