Signing a legal document that outlines how you and your spouse will divide your assets in the event of divorce isn’t exactly a romantic gesture. After all, you and your spouse are likely marrying for love, not money, so it can be difficult to justify working out the financial details of a potential break-up. One way to approach the subject is by focusing on how a prenuptial agreement can help your marriage in the long run.
Build a foundation in your marriage
It’s never a bad idea for you and your partner to fully disclose your financial information before getting married. As much as marriage is a social and spiritual contract, it’s also a financial contract in which you are merging your assets, incomes, and debts. Even just talking about a prenuptial agreement can help you and your partner get a better sense of your financial lives together. This can help make your marriage stronger, as money tends to be a huge source of contention between couples when it isn’t dealt with openly.
Improve your personal financial security
If your partner has brought up the idea of drafting a prenuptial agreement, it’s important to focus on how it can also help you protect yourself financially. Even if you aren’t bringing as much income or assets to the marriage as your partner, a prenuptial agreement can help you negotiate a deal to enhance your financial security in the long run.
Override state laws
It can be really hard to predict how a judge will divide your assets and debt obligations in a divorce case, so signing a prenuptial agreement helps take out this uncertainty. Also, in the event your spouse’s death, you aren’t guaranteed the same financial protection from his or her family without having an already drafted agreement.
For more than 20 years, Moreno Family Law has been handling San Jose divorce and family law cases. If you’re considering drafting a prenuptial agreement, our family lawyer team can help you reach an effective compromise. To schedule an appointment with one of our compassionate family lawyers, give us a call at (408) 266-9011.