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How Does a Prenuptial Agreement Affect a Divorce?

Prenuptial Agreement

While many couples shy away from prenuptial agreements, thinking that they’re surely going to be in love forever, the hard truth is that divorce is increasingly the norm for most American marriages, and many couples see a prenuptial agreement as a smart financial decision. People change, after all, and it’s important to take steps to protect you and your spouse’s financial future in the event that you go your separate ways. If you have a prenuptial agreement with a spouse, it can affect a divorce in numerous ways.

It Helps Protect Your Assets

While prenuptial agreements have a stereotype of being only for cold, money-obsessed couples for whom status is more important than love, the truth of the matter is that they exist to protect both parties from financial duress. They allow you to discuss ways that your mutual finances can be divided up fairly and amicably in the event of your separation, without having to have the discussion during the emotional minefield of a divorce. Assets covered in the agreement can be split along the specified lines, ensuring that both parties get their fair, agreed-on share.

It Keeps Debts Separate

People don’t just bring assets into a marriage. They bring debts too. Getting a prenup is an important step in ensuring that your spouse’s debts don’t end up becoming your own, and vice versa. If the complete financial statuses of both parties is covered in the prenup, you’ll have a much cleaner divorce experience than one where the parties are bitterly fighting for assets.

Whether you’ve got a prenup or not, the experience of a divorce can be difficult and painful. You need an experienced divorce attorney who has the knowledge and the skill to fight for your rights. My name is John R Rinn, and I’ve got over 30 years of family law experience. I use proven legal strategies to get you the outcome you deserve, even in tough divorces. Contact me today to request a consultation!

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