Money and Marriage: Do I Need a Prenuptial Agreement?

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Many People Really Do!

It all starts out feeling so right. You meet a guy or girl, you fall in love, and you decide to get married. Questions like, "When should the wedding be?" and "Where will we live?" probably come to your mind. The
 question of, "Do I Need a Prenuptial Agreement?" probably never enters your mind. And why should it? You're in love with your fiancee, (possibly "in lust" too), and you're eager to share your life with him or her. Once you are married, you'll be sharing your property, money, other assets, and income too. And, if the marriage goes wrong, and you become a divorcee, as an estimated ten percent of the American population is, you could stand to lose more than just love. You could lose any property and assets you had before you entered into the marriage. This could have been avoided if you just would have asked yourself before the wedding,"Do I Need a Prenuptial Agreement?

A Prenuptial Agreement is basically a legal document that's created for you by a licensed attorney. This agreement usually stipulates that you will keep any property, money, and other assets that you brought into the marriage, should it ever end. Basically, a Prenuptial Agreement protects you so your ex-husband or ex-wife doesn't leave the marriage with more than they came with. Once a Prenuptial Agreement is signed, this document ensures that, in case of divorce, both parties will regain full ownership of their property, money, and other assets they had before their wedding took place.

You're the only person who can answer the question, "Do I Need a Prenuptial Agreement?" If you have any property, money, or other assets that are worth a moderate amount of money, then you should talk to your fiancee. He or she shouldn't have a problem with meeting with your licensed attorney and discussing a Prenuptial Agreement. Your legal representative can help you by drawing up a Prenuptial Agreement that will be completely fair to you both.

  • A licensed attorney should draw up your agreement for you.
  • Less than 10% of Americans who are married have a Prenuptial Agreement.
  • Actually, you can put any type of wish in a Prenuptial Agreement.
 
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