Marriage is looked upon as a celebratory event. While it can be an extremely exciting time, it is also a serious life-change. As couples approach this major event in their lives, it may be smart to create a prenuptial agreement. People in Pennsylvania may benefit from making the effort to understand how these agreements can be beneficial in the long run.
A prenuptial agreement makes certain provisions in the case of separation, divorce or death. A number of people believe that these agreements exhibit a weak trust between the partners — a preparation for a failed relationship. However, a premarital agreement protects the two people’s finances, property and even children from previous relationships.
These agreements are signed contracts that have to be executed by both parties. The more specific the two partners are with their assets and provisions, the easier it will be to carry it out and the less disputes will result. While a prenuptial agreement can make provisions for a number of possessions, it cannot determine child custody arrangements.
No one desires to begin a relationship immediately looking for it to end, though the simple fact is that about half of all marriages eventually result in a divorce. Being prepared with a prenuptial agreement can ease the stress when it has to be used. Pennsylvania couples looking to get married can look into the benefits of having a prenuptial agreement before deciding whether they are going to create one. Examining the questions that such an agreement asks can cause couples to look into things they may not have thought of before.
Source: The Huffington Post, “A Premarital Agreement Primer”, Brad Reid, June 26, 2014