Your wedding is approaching! With all the excitement and chaos, the last thing on your mind, perhaps, is signing a prenuptial agreement. While it may be difficult to initially broach the subject with your soon-to-be spouse, a prenup is an important insurance policy for both partners that is best entered into when the level of respect and love for one another is highest. Most couples benefit from a prenuptial or postnuptial agreement. Individuals with high net worth, complex assets, disparity in income, or who are entering a marriage that will create a blended family should seriously consider a prenuptial or postnuptial agreement.
This is a sensitive subject with many couples, but it is a practical matter that can save both parties considerable stress and money if they divorce or separate. There are numerous benefits to prenuptial and postnuptial agreements. Discussing the terms of property division and spousal support now will prevent the need to make those decisions when you are emotional and under stress. In addition, a properly drafted prenuptial or postnuptial agreement will prevent the need for lengthy, expensive divorce litigation if the relationship ends.