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Prenuptial agreement allows financial disclosure in Pennsylvania

Prenuptial agreements have become more common over the years. However, many couples continue to be wary about creating one before they get married because it may carry a negative connotation concerning the relationship. While a prenuptial agreement does outline what would happen in the case of a divorce, it can have several other benefits for Pennsylvania couples.

These agreements can bring up the topic of finances, which may get swept under the table when two people are preparing for the big day. It is incredibly important, though, for couples not to wait until the last minute to try and create a prenuptial agreement. The agreement allows the other party to know what he or she is getting into and helps him or her gain a better understanding of his or her own finances as well.

When discussing a prenuptial agreement, it is important to make the intentions clear between the two parties, This can protect from greater conflict later on. For instance, if one party decides to start a business after the marriage, the prenup can protect his or her interests in that business; conversely, any personal debt one brings into a marriage can be addressed within the agreement to protect the other party from liability. If a couple has already gotten married, a postnuptial agreement can be created in an attempt to protect estates or other assets that have been gained.

Marriage is a major life commitment to another person and therefore requires a great deal of thought and planning. Prenuptial agreements allow for some financial planning and discussions that can help a couple better prepare for their life together. Pennsylvania couples interested in a prenuptial agreement can seek someone in the family law field for assistance. These professionals can help the couple gain a thorough understanding of this agreement.

Source: refinery29.com, "What Is A Prenup", Paige Brettingen, Sep. 15, 2015

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