Marriage does not solely bring together two parties emotionally but also financially. While it can be challenging for some to look at marriage as a business relationship, there are aspects that do resemble that of a business arrangement. Individuals looking to get married in Pennsylvania may want to consider creating a prenuptial agreement that addresses these aspects.
Prenuptial agreements were once seen as a plan to get divorced before a couple had even gotten married. However, today it is seen as more of a precaution in the case that a divorce happens. The arrangements can make a divorce go much smoother if they have been well drafted and are understood by both parties. A poorly written prenuptial agreement may cause confusion or increased tension during the process of divorce.
Property that one obtained before a marriage, or a specific inheritance for one's children from a former marriage, can be outlined in the prenuptial agreement. This arrangement can also address the current financial situation of each party, allowing both individuals the chance to have full disclosure of the debts, finances and assets of the other. In many cases, this has been found to actually strengthen the foundation of one's marriage.
Bringing up the idea of a prenuptial agreement to one's future spouse may seem like a daunting task. However, the results can be very rewarding both now and further down the road. Those in Pennsylvania who are considering matrimony may want to consider a prenuptial agreement as well. With the assistance of a family law professional, one can obtain more information concerning these arrangements.
Source: laduenews.com, "Before the Altar: Prenuptial and Postnuptial Agreements", Brittany Nay, Feb. 4, 2016