Marriage is a very complicated thing, and your feelings about your partner (and vice versus) may change drastically over time. A prenuptial agreement can help to provide some clarity for both parties with regards to disposal of marital property, inheritance, spousal support and other commonly thorny issues. The one thing they cannot control is custody of children, which must take into account the best interests of the child. Those who are already married can still sign a postnuptial agreement to help take the insecurity and guesswork out of figuring out what would happen if the marriage ended.
Key Takeaways:
- A prenuptial agreement can help provide clarity for both spouses about what happens if the marriage falls apart.
- Prenuptial agreements can determine allocation of joint property, alimony, inheritances, and other property issues, but not child custody.
- If you’re already married, a postnuptial agreement can perform many of the same roles.
“If you are getting married, or re-married in the near future, you should be thinking about a prenuptial agreement.”